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January 6 committee investigating Capitol tour given by GOP lawmaker on the eve of the insurrection
By Ryan Nobles, Annie Grayer and Zachary Cohen, CNN
The House select committee investigating the January 6 insurrection has formally requested information from Rep. Barry Loudermilk, a Republican from Georgia, about a US Capitol tour he gave to visitors the day before rioters stormed the building.
In a letter to Loudermilk, the committee said they are looking for more information about the purpose of the tour and its participants.
“Based on our review of evidence in the Select Committee’s possession, we believe you have information regarding a tour you led through parts of the Capitol complex on January 5, 2021,” Chairman Bennie Thompson, a Democrat from Mississippi, and Vice Chairwoman Liz Cheney, a Republican from Wyoming, wrote in the letter.
“The foregoing information raises questions to which the Select Committee must seek answers. Public reporting and witness accounts indicate some individuals and groups engaged in efforts to gather information about the layout of the U.S. Capitol, as well as the House and Senate office buildings, in advance of January 6, 2021,” they added.
Specifically, the letter notes that the committee’s review of evidence “directly contradicts” previous claims by Republicans that security footage from the days before January 6 shows “[t]here were no tours, no large groups, no one with MAGA hats on.”
A spokesperson for Loudermilk has not immediately returned a request for comment from CNN.
The letter comes more than a year after some House Democrats accused Republicans of providing tours in the days leading up to January 6 to individuals who later stormed the Capitol.
Rep. Mikie Sherrill, a Democrat from New Jersey, accused Republicans in the days after the insurrection of providing tours to people who then used the information they learned from their visit about the complex’s layout to aid in their attempt to interrupt the certification of the 2020 presidential election results. But Sherrill didn’t name any Republicans.
Sherrill told a virtual town hall on January 12, 2021, that “members of Congress who had groups coming through the Capitol that I saw on January 5th for reconnaissance for the next day.” The congresswoman never provided specific details or named which member of Congress gave the tours — even after widespread criticism from Republicans, demanding she provide evidence to back up her claim.
Several Republican members denied providing any such tours, and it was Loudermilk who filed an ethics complaint last year against Sherrill and 33 other Democrats, accusing them of making allegations about Republican-led reconnaissance tours without any evidence.
“A Member of Congress accusing another Member of committing a crime, without evidence, is morally reprehensible and a stain on this institution,” Loudermilk wrote in the complaint. “No Republican Member of Congress led any kind of ‘reconnaissance’ tours through the Capitol, proven by security footage captured by the U.S. Capitol Police.”
“My Republican colleagues and I will not sit by while Democrats accuse their colleagues of treason for political gain. This type of conduct must not be tolerated,” he wrote, urging the House Ethics Committee to “take quick and decisive action to ensure this never happens again.”
A spokesperson for the House Ethics Committee declined to comment on the status of the Loudermilk ethics complaint.
While Democrats making the accusations have yet to provide additional evidence to back up the claims, they have also refused to back away from the accusation.
According the letter, the committee has obtained evidence that contradicts previous GOP denials that any tours took place in the days before January 6, 2021 — raising questions about the one given by Loudermilk and its purpose.
Loudermilk has not been among the most notable GOP lawmakers who have emerged as potential witnesses in the committee’s ongoing probe.
However, CNN previously reported that he was among the Republican lawmakers who texted then-White House chief of staff Mark Meadows on January 6.
“It’s really bad up here on the hill. They have breached the Capitol,” Loudermilk wrote to Meadows at the time.
“POTUS is engaging,” Meadows sent in response to Loudermilk.
“Thanks. This doesn’t help our cause,” Loudermilk replied.
This story has been updated with additional developments Thursday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/05/19/january-6-committee-investigating-capitol-tour-given-by-gop-lawmaker-on-the-eve-of-the-insurrection/ | 2022-05-19T20:31:43Z |
The publication honored Partners Andrew Kirsh, Serineh Baghdasarian, Peter Fischer
LOS ANGELES, May 19, 2022 /PRNewswire/ -- Hot off a landmark dealmaking year for the real estate team at Sklar Kirsh LLP, the Los Angeles Times has recognized three of its attorneys as "Real Estate Visionaries."
The firm announced today that Founding Partner Andrew Kirsh and Partners Serineh Baghdasarian and Peter Fischer were honored "for their contributions and leadership within their organizations, the legal field, and the community at large" by the publication's commercial real estate magazine.
In 2021 alone, the firm's real estate team closed on approximately 200 transactions in over 25 states with a total asset value of approximately $7 billion across all asset classes including multi-family, office, retail, hotel, industrial, student-housing and self-storage. Jeffrey Sklar, co-managing partner and co-founder of the firm, said the team's worked hard to keep that strong momentum going in 2022.
"It's an honor for the firm's practice to be represented on the list, and given the incredible work they've done, I can't think of anyone more deserving of the title of 'real estate visionary' than Andrew, Peter, and Serineh," said Sklar. "This recognition speaks to our group's commitment to clients and to the profession as a whole."
The publication notes that Kirsh, who leads the real estate team, represents a broad spectrum of matters across the real estate industry, "including acquisitions, dispositions, equity investments, syndications, fund formation, development, leasing, financing, note purchases and foreclosures."
Baghdasarian's practice includes extensive representation of real estate equity funds, developers, and investors in all areas of transactional real estate and real estate financing," adds the feature. She has helped various private equity firms grow their investment platform through her practical and hands-on legal approach and is considered an integral part of her clients' team.
Fischer is recognized as an experienced commercial real estate transactional attorney who "routinely works on complex joint venture, fund formation, syndication and othertransactions involving multi-family, industrial, assisted living, restaurants, hotels and hospitality, construction and office, as well as mobile homes and self-storage facilities" on behalf of a wide variety of clients.
Sklar Kirsh LLP is a boutique law firm that provides sophisticated and expert advice in the areas of corporate, real estate, bankruptcy, and entertainment law as well as commercial, real estate and entertainment litigation. For more information, visit www.SklarKirsh.com.
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SOURCE Sklar Kirsh LLP | https://www.wibw.com/prnewswire/2022/05/19/three-sklar-kirsh-partners-named-real-estate-visionaries-by-la-times/ | 2022-05-19T17:36:17Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Upstart Holdings, Inc. ("Upstart" or the "Company") (NASDAQ: UPST) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 22-cv-03668, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Upstart securities between March 18, 2021 and May 9, 2022, inclusive (the "Class Period") against Upstart and certain of its officers (collectively "Defendants") seeking to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder.
If you are a shareholder who purchased or otherwise acquired Upstart securities during the Class Period, you have until July 12, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Upstart is a financial technology firm that uses artificial intelligence ("AI") and data science to underwrite consumer credit. The Company partners with banks to offer credit to consumers, either through the Upstart website or through banking partner websites embedded with Upstart technology. Upstart claims that its underwriting process allows banking partners to originate credit with higher approval rates, lower loss rates, and a high degree of automation.
The complaint alleges that, throughout the Class Period, Defendants claimed that the lack of loans the Company retained on its balance sheet ensured it only was exposed to limited credit risk. In reality, as investors learned after markets closed on May 9, 2022, the Company's highly touted, AI underwriting model was unable to adequately assess credit risk in changing macroeconomic conditions. As a result, Upstart had been increasingly underwriting progressively less creditworthy loans throughout the Class Period.
Investors learned the truth during the Company's first quarter 2022 earnings call with analysts when Upstart admitted that the loans the Company had been forced to retain on its balance sheet had more than doubled in a single quarter. Specifically, Chief Financial Officer Sanjay Datta ("Datta") reported that the "balance of loans, notes, and residuals at the end of the quarter was . . . up to $604 million from $261 million in Q4." Datta attributed the increase of loans on the Company's balance sheet to "rising interest rates and rising consumer delinquencies putting downward pressure on conversion." Datta acknowledged that "historically, [the Company's] balance sheet has been almost exclusively for the purposes of R&D," but in the first quarter of 2022, the Company used the balance "to do . . . sort of a market clearing mechanism." He further stated that Upstart had "started to selectively use [its] capital as a funding buffer for core personal loans in periods of interest rate fluctuation where the market clearing price is in flux."
Reporting on the Company's results, one analyst dismissed the Company's purported "market clearing" justification and explained that the increase in loans on the Company's balance sheet represented a "divergence" from the Company's "capital-light business model" that indicated the Company had "few alternatives other than to hold more loans due to funding issues." In response to this disclosure, the price of Upstart common stock cratered 56% the following trading day, from a closing price of $77.13 on May 9, 2022, to a closing price of $33.61 on May 10, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-upstart-holdings-inc-class-action-lawsuit-upcoming-deadline-upst/ | 2022-07-06T02:48:17Z |
VIENNA (AP) — Top negotiators in renewed talks to revive the 2015 Iran nuclear deal indicated Sunday that they are optimistic about the possibility of reaching an agreement to impose limits on Tehran’s uranium enrichment.
“We stand 5 minutes or 5 seconds from the finish line,” Russian Ambassador Mikhail Ulyanov told reporters outside Vienna’s Palais Coburg, four days into the talks. He said there are “3 or 4 issues” left to be resolved.
“They are sensitive, especially for Iranians and Americans,” Ulyanov said. “I cannot guarantee, but the impression is that we are moving in the right direction.”
Enrique Mora, the European Union’s top negotiator, also said he is “absolutely” optimistic about the talks’ progress so far.
“We are advancing, and I expect we will close the negotiations soon,” he told Iranian media.
Negotiators from Iran, the U.S. and the European Union resumed indirect talks over Tehran’s tattered nuclear deal Thursday after a months-long standstill in negotiations.
Since the deal’s de facto collapse, Iran has been running advanced centrifuges and rapidly growing its stockpile of enriched uranium.
Iran struck the nuclear deal in 2015 with the U.S., France, Germany, Britain, Russia and China. The deal saw Iran agree to limit its enrichment of uranium under the watch of U.N. inspectors in exchange for the lifting of economic sanctions.
Then U.S. President Donald Trump unilaterally pulled the U.S. out of the accord in 2018, saying he would negotiate a stronger deal, but that didn’t happen. Iran began breaking the deal’s terms a year later. | https://cw33.com/news/international/ap-international/negotiators-optimistic-about-progress-on-iran-nuclear-deal/ | 2022-08-07T19:02:45Z |
TAIPEI, July 28, 2022 /PRNewswire/ -- Crypto security pioneer CoolbitX has announced that it is debuting at CES 2022 the new in-app integrated non-fungible tokens (NFT) functions for its flagship CoolWallet Pro, the leading DeFi-focused mobile cold wallet with a credit card form factor at CES 2022
The CoolWallet upgrade includes integrated support for the world's leading NFT marketplaces OpenSea and Rarible and a daring metaverse-focused innovation lab comes in response to the growing evolution of digital assets in 2021, and positions it well for the expected boom in new NFT applications to be used across DeFi, GameFi, Web 3.0 and metaverse protocols in 2022.
CoolWallet Pro Answers Rising Demand for Opensea and Rarible NFTs
Launched in 2016, CoolbitX's flagship product, CoolWallet allows users to not only safely store an ever-growing portfolio of elite digital assets, but to also interact with an integrated in-app marketplace that provides access to the world's best decentralized finance protocols and exchanges, and the unique services they provide, such as DeFi staking, borrowing and lending.
NFTs have enjoyed incredible mainstream adoption and pop culture success in 2021, with projects like Bored Ape Yacht Club (BAYC), NBA TopShots, and CryptoPunks generating millions in revenue and aligning with some of the world's biggest brands such as Nike, Visa and Adidas. There is no question anymore that NFTs serve as a bridge between real-world and digital asset ownership. Practical enterprise applications and use-cases available across a variety of exciting new industries such as metaverse, Play-to-Earn (P2E) and Play-to-Learn (P2L) gaming are widely expected for 2022.
As such, CoolWallet Pro is now offering mobile in-app integrated NFT functions, which features support for leading NFT marketplaces such as OpenSea and Rarible. It not only benefits original CoolWallet users but also serves as an accessible portal to bring new audiences from outside the crypto space to participate in the industry.
"We have been committed to our mission of fostering the mass adoption of crypto assets since 2014, when we began work on the world's first Bitcoin mobile hardware wallet. NFT support on the CoolWallet will help to seamlessly blend our users' physical and virtual worlds, empowering them to manage and protect both their crypto assets and digital collectibles with confidence. At the same time, it opens the doors to limitless partnership opportunities with NFT creators and we look forward to many more exciting projects to come," says Michael Ou, CEO and Founder of CoolBitX.
CoolWallet Pro supports more currencies
CoolWallet Pro users can earn passive income on their DeFi (decentralized finance) assets such as Polkadot (DOT), Cosmos (ATOM), and Tron (TRX), with support for Cardano (ADA), Polygon (MATIC), Solana (SOL), and other leading currencies in the pipeline.
This comes in addition to its existing native support of BTC, ETH, LTC, XRP, BCH, ZEN, BNB, DOT, ATOM, TRX, USDT, USDC, and ERC20, BEP20, and TRC20 tokens.
CoolBitX to make NFTs securely accessible to all
In the meantime, CoolBitX is exploring possibilities to attract audiences outside the crypto space through the newly launched "CoolBitX Innovation Lab". It introduced its first 'metaverse-like' project, NAO NFT, which brings together the virtual and physical worlds through an exclusive collaboration with Jinguji Nao, a Japanese adult film actress.
The NAO NFT project includes four special auction items and limited blind box offerings that will be sold through the CoolBitX Innovation Lab project site. Each NAO NFT pack comes with a threefold surprise — an exclusive NFT; a dedicated Nao version CoolWallet Pro hardware wallet, and a possible mystery prize from Nao herself.
For many creators looking to enter the crypto industry, entry barriers are high and also require potential collectors to understand the value of this new form of content creation.
However, CoolWallet's unique design provides a tangible aspect to the collector, which may be more familiar and hence more viable for mass-market adoption, whilst at the same time safe keeping the consumer's digital assets and NFT collection.
About CoolBitX Ltd. (CBX)
Founded in 2014 by Michael Ou and backed by SBI Holdings, CoolBitX is a global blockchain security company building the next-generation infrastructure necessary to maximize digital asset adoption.
CoolBitX provides solutions for a rapidly changing blockchain industry in order to foster the mass adoption of virtual assets through its two product lines: CoolWallet and Sygna.
CoolWallet is a credit card-sized hardware wallet range that allows for Bluetooth-enabled pairing with users' mobile phones. The Sygna line of regulatory compliance products is tailored toward Virtual Asset Service Providers (VASPs), simplifying the compliance efforts of VASPs through the use of effective and secure technology.
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SOURCE CoolBitX | https://www.kxii.com/prnewswire/2022/07/29/ces-2022-coolbitx-unveils-new-coolwallet-pro-nft-features-pioneering-defi-hardware-wallet-tta-pavilion/ | 2022-07-29T04:11:52Z |
WASHINGTON, July 14, 2022 /PRNewswire/ -- Winston & Strawn LLP announced today the addition of Amy H. Kearbey as a partner in the Washington, D.C., office. Amy joins the firm as a member of the Litigation Department with a focus in health care and life sciences.
Amy comes to Winston after serving as senior counsel for the Industry Guidance Branch of the Office of Counsel to the Inspector General at the United States Department of Health & Human Services (HHS) in Washington, D.C. In that role, Amy provided legal analysis and advice regarding the Anti-Kickback Statute and the Civil Monetary Penalties Law in connection with advisory opinion requests, policy development, and Office of the Inspector General and United States Department of Justice investigations and enforcement actions. She was also instrumental in drafting and finalizing significant regulatory changes that established new value-based safe harbors as part of the Regulatory Sprint to Coordinated Care, which aims to accelerate the transformation of the entire health care industry from a fee-for-service model to a value-based system.
"I am pleased to join a firm with the resources, insight, and experience that the health care sector demands," said Amy. "The ongoing pandemic heightens the need for legal clarity and strategic thinking for all stakeholders, and I look forward to working with my new colleagues to add value and provide critical insight to client matters."
"Our Washington, D.C., attorneys have known Amy for many years," said David Rogers, Washington, D.C., office managing partner. "Her experience at HHS and her leadership at the highest levels of this sector will greatly expand Winston's current knowledge of the administration's interpretation of regulations and compliance."
Prior to her time at HHS, Amy worked on fraud and abuse matters, with a special focus on False Claims Act litigation and regulatory compliance. She has advised a wide range of health industry stakeholders, including hospitals and health systems, medical groups, ambulatory surgery centers, IT vendors, laboratories, and life sciences companies on compliance with federal and state health care fraud and abuse laws, including the Stark Law, the Anti-Kickback Statute, and the Civil Monetary Penalties Law.
"Litigation in the health care sector continues to accelerate post-pandemic," said Winston Chairman Tom Fitzgerald. "Amy brings an outstanding investigative and prosecutorial mind to our team, and we welcome her strong and sharp legal insights on these important matters."
Winston & Strawn LLP is an international law firm with 16 offices in North America, South America, Asia, and Europe. More information about the firm is available at www.winston.com.
Contact:
Michael Goodwin
mgoodwin@stantonprm.com
646-502-3595
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SOURCE Winston & Strawn LLP | https://www.wibw.com/prnewswire/2022/07/14/winston-amp-strawn-brings-amy-kearbey-dc-health-care-life-sciences-team/ | 2022-07-14T14:40:55Z |
NEW YORK, July 11, 2022 /PRNewswire/ -- Iroquois Capital Management, LLC (together with its affiliates, "Iroquois"), announced that on Friday, July 8, 2022, that it had delivered a written consent to PharmaCyte Biotech, Inc. ("PharmaCyte", "PMCB" or the "Company") (NASDAQ: PMCB) seeking the consent of stockholders to expand the size of PharmaCyte's Board of Directors by eight (8) members and to elect Iroquois' slate of eight (8) highly qualified director candidates in lieu of a stockholder meeting. Iroquois also announced that it has publicly delivered to the Company's stockholders a letter explaining Iroquois' rationale for accelerating its campaign to materially reconstitute the Board given its serious concerns with the Company's demonstrated efforts to delay the holding of the 2022 annual meeting of stockholders and frustrate the exercise of corporate democracy. Iroquois intends to solicit written consents from other stockholders as soon as permissible under the federal proxy rules. If successful, Iroquois' consent solicitation would establish its candidates as a majority of the Board. Iroquois is one of the largest stockholders of PharmaCyte, with an aggregate beneficial ownership of approximately 7.1% of the outstanding common stock of the Company including the holdings of the other participants in its solicitation.
The full text of the letter follows:
Dear Fellow PharmaCyte Biotech Stockholders:
Iroquois Capital Management, LLC (together with its affiliates, "Iroquois"), together with the other participants in its solicitation, collectively owns approximately 7.1% of the outstanding shares of PharmaCyte Biotech, Inc. ("PharmaCyte" or the "Company"), making us one of the Company's largest stockholders.
As you may recall from our prior public correspondence with PharmaCyte's Board of Directors (the "Board") and fellow stockholders, we have previously nominated seven (7) highly qualified individuals for election to the Board to change what we believe is a widely shared sentiment of an untenable status quo in the boardroom and at the Company. We believe this "business as usual" is characterized by egregious corporate governance, executive compensation and investor communication practices overseen by a dysfunctional Board chaired by the Company's Chairman of the Board, President, Chief Executive Officer and General Counsel, Kenneth L. Waggoner, and constituted by his hand-picked appointees, none of whom we believe possess the requisite capital markets and public company directorship experience to lead the Company now that it has been uplisted to Nasdaq and has over $80 million in cash on its books, while its stock price is trading under 50% of book value.
We previously described the efforts made by the Company, through its counsel, to block our ability to communicate with fellow stockholders in connection with the 2022 annual meeting of stockholders (the "2022 Annual Meeting") by refusing to provide us with a list of the non-objecting beneficial owners (NOBOs) of the Company. Further, the Company has failed to announce a record date for the 2022 Annual Meeting or to request the NOBO list on the Company's own behalf. We are therefore deeply concerned that the Board is delaying the holding of the 2022 Annual Meeting in order to enter into one or more transactions designed to strip the stockholders of their rights and place control in the hands of management or their allies.
As a result, on July 8, 2022, we delivered a written consent for proposals which, if consented to in writing by the holders of a majority of the outstanding shares of the Company as of July 8, 2022, would have the effect of expanding the size of the Board by eight (8) directors to fifteen (15) in total and electing our original (7) nominees in connection with the 2022 Annual Meeting plus an eighth nominee, Leo Abbe, a Partner at Iroquois Capital Management, LLC, in an effort to reconstitute a majority of the Board. Our intention remains to find a mutually agreeable resolution with the Board that it is in the best interests of all of the Company's stockholders, however, we are not prepared to sit idly by and allow the management team and Board destroy stockholder value by spending good money after bad in pursuit of the lifting of the hold on the Phase 2b clinical trial, or worse, issuing stock to further entrench the incumbent directors. Any such plan is made all the more injurious because the Company's shares are trading at depressed levels as a result of the incumbents' failure to manage the Company well. Given that the Company has never publicized the actual list of requirements from the U.S. Food and Drug Administration (FDA) for the resubmission of the Company's Investigational New Drug (IND) application to have the clinical hold lifted, and its timeline for resubmitting the IND application continues to be pushed out every quarter, we believe stockholders have grown weary and skeptical of the Board's repeated assurances that the Company is "one step closer" to lifting the hold.
Mr. Waggoner has already gone on the record and publicly announced that "shareholder value is key to our success" in connection with the Board's announcement of a $10 million buyback program. What the Board has failed to concede is that all of its recent initiatives, the commitment to hold quarterly earnings conference calls, the concession that the Board lacks capital markets experience and is in need of refreshment, the approval of executive compensation arrangements which the Company wishes to bury in its upcoming 10-K filing and which purport to align management incentives with stockholders, and the return of stockholder capital through buybacks, were all suggestions made by Iroquois over the past seven months that only came to fruition when Iroquois made its concerns and such recommendations public.
Therefore, our only way to ensure that immediate steps are taken to restore a sense of urgency in the boardroom and enhance stockholder value at PharmaCyte is to go directly to stockholders without delay to seek their written consent to reconstitute a majority of the Board with directors who have the requisite skillsets, experience, drive and accountability needed to turn the Company around.
We continue to believe that with the right Board leadership and improved oversight that Company is poised to unlock substantial value for long-suffering stockholders. Our commencement of this consent solicitation process, which will be explained in further detail in the consent solicitation materials we intend to file with the SEC in the days and weeks to come, is the most direct and immediate way for the collective voice of a majority of the Company's unaffiliated stockholders to be heard, unobstructed by potential manipulations of the Company's corporate machinery by the Board.
About Iroquois Capital Management, LLC
Iroquois Capital Management, LLC is a New York-based investment adviser that provides investment advisory services to Iroquois Master Fund Ltd., a privately pooled investment vehicle.
Certain Information Concerning the Participants
Iroquois Master Fund Ltd., a Cayman Island exempted limited company ("Iroquois Master"), together with the other participants named herein (collectively, "Iroquois"), intends to file a preliminary consent statement and accompanying WHITE consent card with the Securities and Exchange Commission ("SEC") to be used to solicit consents from stockholders of PharmaCyte Biotech, Inc., a Nevada corporation (the "Company"), to, among other things, expand the size of the Board by eight (8) members and elect Iroquois' eight (8) highly qualified nominees to fill the resulting vacancies.
IROQUOIS STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE CONSENT STATEMENT AND OTHER CONSENT MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH CONSENT MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS CONSENT SOLICITATION WILL PROVIDE COPIES OF THE CONSENT STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' CONSENT SOLICITOR.
The participants in the consent solicitation are anticipated to be Iroquois Master, Iroquois Capital Management, LLC, a Delaware limited liability company ("Iroquois Capital"), Iroquois Capital Investment Group LLC, a Delaware limited liability company ("ICIG"), JNS Holdings Group LLC ("JNS"), a New York limited liability company, Leo Abbe, Richard Abbe, Kimberly Page, Stephen Friscia, Charles S. Ryan, Jonathan L. Schechter, Joshua N. Silverman and Jude C. Uzonwanne.
Investor Contacts
Richard Abbe
Managing Member
Iroquois Capital Management, LLC
(212) 974-3070
Saratoga Proxy Consulting LLC
John Ferguson / Joe Mills, 212-257-1311
info@saratogaproxy.com
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SOURCE Iroquois Capital Management, LLC | https://www.kxii.com/prnewswire/2022/07/11/iroquois-capital-commences-consent-solicitation-reconstitute-pharmacyte-biotech-board-directors/ | 2022-07-11T10:45:34Z |
NEW YORK , June 28, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Digital Turbine, Inc. (NASDAQ: APPS) alleging that the Company violated federal securities laws.
Class Period: August 9, 2021 to May 17, 2022
Lead Plaintiff Deadline: August 5, 2022
No obligation or cost to you.
Learn more about your recoverable losses in APPS:
https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=29221&from=4
Digital Turbine, Inc. NEWS - APPS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Digital Turbine, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Digital Turbine you have until August 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Digital Turbine securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the APPS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/digital-turbine-inc-loss-submission-form?id=29221&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/06/28/apps-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-5-2022-class-action-filed-behalf-digital-turbine-inc-shareholders/ | 2022-06-28T10:26:32Z |
Get paid to eat, create, and go viral for @seedsofchangeofficial on TikTok
CHICAGO, June 7, 2022 /PRNewswire/ -- Just in time for summer gigs, the SEEDS OF CHANGE™ brand is looking for a "Chief Rice-Tok Creator" to help launch its TikTok. The organic food brand seeks TikTok trend-spotting, rice-loving foodies who have the culinary chops to make mouthwatering meals from its versatile, convenient, ready-to-heat products. In exchange for creating 10 weeks of killer content, one person will get paid $25,000 and receive a year's supply of SEEDS OF CHANGE™ rice and grain varieties.
Are you experiencing a personal rice renaissance? Are you the first of your friends to hop on the latest TikTok trends? Do you love making mealtime magic in short-form content? If so, you might be the perfect fit for Chief Rice-Tok Creator.
From June 7 through June 20, 2022, those interested can enter at www.SeedsofChange.com/RiceTok by sharing a TikTok video showcasing their ultimate rice recipe with the hashtag #BeASeedofChange. Click here for more details on the submission process.
"Our ideal Chief Rice-Tok Creator is someone who can show how easy it is to use SEEDS OF CHANGE™ rice and grains to make better-for-you moments and nutrient rich meals through engaging content - all while having tons of fun in the process," said Angie Madigan, Vice President Marketing, Mars Food North America. "We're excited to have a talented, aspiring creator help us launch our presence on TikTok and connect with our community in new ways."
Fans can follow along and check out entries by searching #BeASeedofChange on TikTok. For more details and Official Rules, visit www.seedsofchange.com/RiceTok.
SEEDS OF CHANGE™ products are USDA certified-organic, vegetarian and vegan-friendly. They are also free of artificial colors, flavors, and preservatives and made without genetically engineered ingredients. SEEDS OF CHANGE™ is a product you can feel good about purchasing. For every food item you buy, the brand partners with national nonprofit FoodCorps to plant nutritious seeds through school growing programs across the country. Visit www.seedsofchange.com for more information.
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SOURCE Mars, Incorporated | https://www.kxii.com/prnewswire/2022/06/07/seeds-change-announces-search-chief-rice-tok-creator-help-launch-its-tiktok-channel-get-paid-25k-make-rice-magic-this-summer/ | 2022-06-07T16:24:02Z |
Offering Arizona an all-encompassing internal and external integrated construction solution, Corporate Interior Systems is pleased to announce that The Berg Group has acquired digg.
PHOENIX, July 26, 2022 /PRNewswire/ -- The Berg Group, a 53-year-old specialty contractor based in the upper Midwest and Phoenix, has acquired digg, the interior construction division of Corporate Interior Systems (CIS).
"CIS is excited to announce this acquisition with a strategic alliance to transition future DIRTT opportunities and projects to The Berg Group from digg," stated Lisa Johnson, President and CEO of Corporate Interior Systems. Over the past nine years, digg/CIS has been a part of the significant growth and adoption of DIRTT prefabricated construction in Arizona and is grateful for the opportunities and relationships that have resulted from this partnership. As prefab demand continues to accelerate, it is apparent that to meet the needs in Arizona, an all-encompassing general contractor is critical to successfully implement DIRTT solutions as an integrated partner. Johnson further stated, "As this acquisition progresses, we look forward to continuing to work with The Berg Group and their clients on any furniture-related needs."
"We are excited to move forward in partnership with Corporate Interior Systems|digg and DIRTT to serve the Arizona construction market," said Ron Johnson, CEO of the Berg Group. "We have been working with clients from our Phoenix location since 2008 and this transition will allow our clients the benefits of developing projects through the convergence of traditional, offsite prefab and engineered modular construction solutions to create environments to meet their current and future needs."
CIS will continue to work with The Berg Group to make sure all existing clients are taken care of for the next year. digg/CIS will be completing currently contracted projects, some in collaboration with The Berg Group, through the end of 2022 and remain a resource to ensure client confidence beyond this. CIS will continue its 37-year legacy to serve the community as the preferred Haworth furniture dealership in Arizona.
About Corporate Interior Systems – Established in 1985, CIS is in the Top 10 Woman-Owned Businesses and Office Furniture Dealerships in the state of Arizona. CIS represents over 250 manufacturers and is the premier and preferred Haworth dealer in the state.
About The Berg Group – The Berg Group is a 53-year-old specialty contractor based in the upper Midwest and Phoenix. Berg's integrated solutions focus on pre-construction services, interior and exterior framing, and finishes.
About digg – digg (Design-Integrate-Go-Grow), the former interior construction division of CIS, uses DIRTT software and manufacturing to design and fabricate interior construction.
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SOURCE Corporate Interior Systems | https://www.wibw.com/prnewswire/2022/07/26/corporate-interior-systems-announces-acquisition-digg-by-berg-group/ | 2022-07-26T16:47:30Z |
FRANKFORT, Ky. (AP) — Democratic Gov. Andy Beshear vetoed a Republican-priority measure on Friday that would ban abortions in Kentucky after 15 weeks of pregnancy and regulate the dispensing of abortion pills.
The governor raised doubts about the constitutionality of the bill and criticized it for not including exceptions for pregnancies caused by rape or incest.
State lawmakers will have a chance to override the veto when they reconvene next week for the final two days of this year’s 60-day legislative session. The abortion measure won overwhelming support in the GOP-dominated legislature. A state Republican Party spokesman called the veto the latest example of the governor’s “ideological war” on conservative values.
The proposal reflects the latest attempt by Kentucky lawmakers to put more restrictions and conditions on abortion since the GOP took complete control of the legislature after the 2016 election.
The proposed 15-week ban is modeled after a Mississippi law under review by the U.S. Supreme Courtin a case that could dramatically limit abortion rights. By taking the preemptive action, the bill’s supporters say that Kentucky’s stricter ban would be in place if the Mississippi law is upheld.
Kentucky law currently bans abortions after 20 weeks of pregnancy.
Beshear on Friday condemned the bill for failing to exclude pregnancies caused by rape or incest.
“Rape and incest are violent crimes,” the governor said in his veto message. “Victims of these crimes should have options, not be further scarred through a process that exposes them to more harm from their rapists or that treats them like offenders themselves.”
The governor said the bill would make it harder for girls under 18 to end a pregnancy without notifying both parents. As an example, he said that a girl impregnated by her father would have to notify him of her intent to get an abortion.
Beshear, a former state attorney general, also said the bill is “likely unconstitutional,” noting that similar laws elsewhere were struck down by the Supreme Court. He pointed to provisions in the Kentucky bill requiring doctors performing nonsurgical procedures to maintain hospital admitting privileges in “geographical proximity” to where the procedures are performed.
“The Supreme Court has ruled such requirements unconstitutional as it makes it impossible for women, including a child who is a victim of rape or incest, to obtain a procedure in certain areas of the state,” the governor said.
Opponents of the Kentucky bill say its restrictions are so onerous that no abortion clinic could comply.
The state Republican Party sharply criticized Beshear for the veto. It will likely surface as an issue again next year when the governor runs for a second term in Republican-trending Kentucky.
On Friday, state GOP spokesperson Sean Southard said the governor’s veto was “the latest action in his ideological war on the conservative values held by Kentuckians.”
Abortion rights supporters defended the governor’s action. Jackie McGranahan, policy strategist for the American Civil Liberties Union of Kentucky, said the bill aims to “shame and ostracize patients” and “push a safe and effective method of abortion care out of reach.”
Another key part of the bill would set regulations for the dispensing of abortion pills. It would require women to be examined in person by a doctor before receiving the medication.
That part of the bill is part of a nationwide push by anti-abortion groups to limit the ability of physicians to prescribe abortion pills by telemedicine, and comes in response to the increased use of pills rather than surgery to terminate early pregnancies.
About half of all abortions performed in Kentucky are the result of medication procedures. | https://cw33.com/health/ap-health/kentucky-governor-vetoes-proposed-15-week-abortion-ban/ | 2022-04-09T14:06:23Z |
WASHINGTON (AP) — NASA said Wednesday that contact has been restored with its $32.7 million spacecraft headed to the moon to test out a lopsided lunar orbit.
Contact was lost after one successful communication and a second partial one on Monday, after the spacecraft left Earth’s orbit on its way to the moon, the space agency said.
The spacecraft spent nearly a week circling the globe after launching from New Zealand on June 28.
The 55-pound satellite is the size of a microwave oven and will be the first spacecraft to try out this oval orbit, which is where NASA wants to put its Gateway outpost. Gateway would serve as a staging point for astronauts before they descend to the lunar surface.
The orbit balances the gravities of Earth and the moon and so requires little maneuvering and therefore fuel and allows the satellite — or a space station — to stay in constant contact with Earth. | https://cw33.com/news/science-technology/ap-science/contact-restored-with-nasa-spacecraft-headed-to-lunar-orbit/ | 2022-07-06T17:33:06Z |
Kimberly Palmer: To fight inflation, take down food expenses
By KIMBERLY PALMER of NerdWallet
February food prices were 7.9% higher compared with a year ago and are expected to increase 4.5% to 5.5% in 2022. As a result, it can feel harder than ever to keep grocery spending under control. But budgeting and cooking experts say there are strategies you can apply to save money and make a difference in your household budget. Putting in extra effort ahead of time can really pay off. Their tips include spending more time planning meals; avoiding food waste by “next-overing,” or repurposing meals for the next day; cooking more creatively with substitutions; and turning to community resources for extra help when needed. | https://localnews8.com/news/ap-national-business/2022/05/02/kimberly-palmer-to-fight-inflation-take-down-food-expenses/ | 2022-05-02T14:46:31Z |
Is the American Dream Dead? Millions Priced Out of Homeownership
Between skyrocketing mortgage interest rates, record-high home prices, and a limited housing supply, millions are being priced out of the American Dream. For the first time, the majority of Americans do not believe that buying a house is a wise decision.
The country has never been more pessimistic about homeownership, with only 30% of survey respondents to a recent Gallup poll saying that now was a good time to buy a house. That is down 23 points from a year ago and the lowest on record. Perhaps more significantly, it is the first time since the poll began in 1978 that most Americans agreed that it is a bad time to buy a house.
While there are many factors at play, three major themes appear to be driving a home affordability crisis that has left most of the nation increasingly bearish about their ability to participate in the American Dream.
Rising Interest Rates
As home prices began to creep up after the initial panic of the COVID-19 pandemic in 2020, interest rates set new lows seemingly every month. With the new normal of working from home and the increased time spent in the house, Americans began searching for housing that met their pandemic-era needs.
These trends set off a wave of home buying. Low inventory and high demand forced prices higher, but falling mortgage rates kept affordability somewhat in check.
However, in the span of a few short months, interest rates have shot up more than 75%. Mortgage rates that were hovering around 3% at the beginning of the year spiked more than two percentage points to around 5.25% in just a few short months, driving up monthly mortgage payments by an astonishing 30%.
“The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power,” said Lawrence Yun, chief economist of the National Association of Realtors. “Still, homes are selling rapidly, and home price gains remain in the double digits.”
To put it into perspective, a borrower with a $400,000 mortgage had a $1,686 principal and interest payment in December. That same mortgage payment is now more than $2,200, a difference of more than $500 a month. These increased payments put a massive burden on potential home buyers.
Assuming a maximum debt-to-income ratio of 50%, they would have to earn an additional $1,000 per month or more above what they made at the end of 2021 to afford the same mortgage today. With home prices still on the rise, the calculus of housing affordability only looks worse.
Inflation
What was initially considered transient inflation - the temporary aftershocks of the post-pandemic economic recovery - has settled into the highest year-over-year inflation rates in four decades. According to the latest release from the Bureau of Labor Statistics, consumer prices rose 8.5% from March 2021 to March 2022.
Prices related to home construction have risen even faster than the overall consumer price index, with construction materials alone up 31.3% since January 2020.
It’s not just materials that have risen, either. Demand for construction labor and services has driven prices up even further. According to Emily from Emergency Plumbing on Call, the cost for all trades involved in home construction has risen astronomically from pre-pandemic levels.
“Whether it’s framing, plumbing, electrical, or one of the many other trades that provide necessary inputs to build a house, we’ve seen demand for labor outpace the ability to hire qualified tradespeople, pushing up prices across the board.”
Expectation of Rising Prices
Even as home affordability continues to get further out of reach, most Americans expect prices to continue to rise over the next year. 70% of Gallup survey respondents believed that average local housing prices would increase, about the same as a year ago.
According to the Case-Shiller National Home Price Index, home prices are already up 34% from the start of the pandemic. While most housing analysts believe the double-digit pace of annual price increases will slow, they still expect mid-single-digit gains in home prices for 2022.
Low inventory remains a contributing factor to the increasing prices even with the headwinds of rising interest rates. Total housing inventory is down 9.5% from a year ago, according to a report from the National Association of Realtors (NAR), which equates to a 2-month supply. On average, a balanced housing market has about a 6-month supply. “Home prices have consistently moved upward as supply remains tight,” said Yun.
The Bottom Line
The trifecta of inflation, soaring mortgage interest rates, and record-high home prices have deepened the home affordability crisis and caused millions of people to abandon the American Dream, at least for now. How long home prices can continue to rise is anyone’s guess, but for now, most Americans are sitting on the sidelines, waiting and hoping for the tide to turn.
This post was produced by Wealthy Nickel and syndicated by Wealth of Geeks.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/18/is-american-dream-dead-millions-priced-out-homeownership/ | 2022-05-18T19:08:27Z |
ATLANTA (AP) — Electronic voting machines from a leading vendor used in at least 16 states have software vulnerabilities that leave them susceptible to hacking if unaddressed, the nation’s leading cybersecurity agency says in an advisory sent to state election officials.
The U.S. Cybersecurity and Infrastructure Agency, or CISA, said there is no evidence the flaws in the Dominion Voting Systems’ equipment have been exploited to alter election results. The advisory is based on testing by a prominent computer scientist and expert witness in a long-running lawsuit that is unrelated to false allegations of a stolen election pushed by former President Donald Trump after his 2020 election loss.
The advisory, obtained by The Associated Press in advance of its expected Friday release, details nine vulnerabilities and suggests protective measures to prevent or detect their exploitation. Amid a swirl of misinformation and disinformation about elections, CISA seems to be trying to walk a line between not alarming the public and stressing the need for election officials to take action.
CISA Executive Director Brandon Wales said in a statement that “states’ standard election security procedures would detect exploitation of these vulnerabilities and in many cases would prevent attempts entirely.” Yet the advisory seems to suggest states aren’t doing enough. It urges prompt mitigation measures, including both continued and enhanced “defensive measures to reduce the risk of exploitation of these vulnerabilities.” Those measures need to be applied ahead of every election, the advisory says, and it’s clear that’s not happening in all of the states that use the machines.
University of Michigan computer scientist J. Alex Halderman, who wrote the report on which the advisory is based, has long argued that using digital technology to record votes is dangerous because computers are inherently vulnerable to hacking and thus require multiple safeguards that aren’t uniformly followed. He and many other election security experts have insisted that using hand-marked paper ballots is the most secure method of voting and the only option that allows for meaningful post-election audits.
“These vulnerabilities, for the most part, are not ones that could be easily exploited by someone who walks in off the street, but they are things that we should worry could be exploited by sophisticated attackers, such as hostile nation states, or by election insiders, and they would carry very serious consequences,” Halderman told the AP.
Concerns about possible meddling by election insiders were recently underscored with the indictment of Mesa County Clerk Tina Peters in Colorado, who has become a hero to election conspiracy theorists and is running to become her state’s top election official. Data from the county’s voting machines appeared on election conspiracy websites last summer shortly after Peters appeared at a symposium about the election organized by MyPillow CEO Mike Lindell. She was also recently barred from overseeing this year’s election in her county.
One of the most serious vulnerabilities could allow malicious code to be spread from the election management system to machines throughout a jurisdiction, Halderman said. The vulnerability could be exploited by someone with physical access or by someone who is able to remotely infect other systems that are connected to the internet if election workers then use USB sticks to bring data from an infected system into the election management system.
Several other particularly worrisome vulnerabilities could allow an attacker to forge cards used in the machines by technicians, giving the attacker access to a machine that would allow the software to be changed, Halderman said.
“Attackers could then mark ballots inconsistently with voters’ intent, alter recorded votes or even identify voters’ secret ballots,” Halderman said.
Halderman is an expert witness for the plaintiffs in a lawsuit originally filed in 2017 that targeted the outdated voting machines Georgia used at the time. The state bought the Dominion system in 2019, but the plaintiffs contend that the new system is also insecure. A 25,000-word report detailing Halderman’s findings was filed under seal in federal court in Atlanta last July.
U.S. District Judge Amy Totenberg, who’s overseeing the case, has expressed concern about releasing the report, worrying about the potential for hacking and the misuse of sensitive election system information. She agreed in February that the report could be shared with CISA, which promised to work with Halderman and Dominion to analyze potential vulnerabilities and then help jurisdictions that use the machines to test and apply any protections.
Halderman agrees that there’s no evidence the vulnerabilities were exploited in the 2020 election. But that wasn’t his mission, he said. He was looking for ways Dominion’s Democracy Suite ImageCast X voting system could be compromised. The touchscreen voting machines can be configured as ballot-marking devices that produce a paper ballot or record votes electronically.
In a statement, Dominion defended the machines as “accurate and secure.”
Dominion’s systems have been unjustifiably maligned by people pushing the false narrative that the 2020 election was stolen from Trump. Incorrect and sometimes outrageous claims by high-profile Trump allies prompted the company to file defamation lawsuits. State and federal officials have repeatedly said there’s no evidence of widespread fraud in the 2020 election — and no evidence that Dominion equipment was manipulated to alter results.
Halderman said it’s an “unfortunate coincidence” that the first vulnerabilities in polling place equipment reported to CISA affect Dominion machines.
“There are systemic problems with the way election equipment is developed, tested and certified, and I think it’s more likely than not that serious problems would be found in equipment from other vendors if they were subjected to the same kind of testing,” Halderman said.
The CISA advisory specifically advises against using the machines as they are configured in Georgia, where a printed paper ballot includes both a barcode and a human-readable list reflecting the voter’s selections, and votes are tallied by a scanner that reads the barcode.
“When barcodes are used to tabulate votes, they may be subject to attacks exploiting the listed vulnerabilities such that the barcode is inconsistent with the human-readable portion of the paper ballot,” the advisory says. It recommends that the voting machines should be configured, if possible, to produce “traditional, full-face ballots” rather than summary ballots that use a barcode.
The affected machines are used by at least some voters in at least 16 states, and in most of those places they are used only for people who can’t physically fill out a paper ballot by hand, according to a voting equipment tracker maintained by watchdog Verified Voting. But in some places, including all of Georgia, almost all in-person voting is on the affected machines.
Georgia Deputy Secretary of State Gabriel Sterling said the CISA advisory and a separate report commissioned by Dominion recognize that “existing procedural safeguards make it extremely unlikely” that a bad actor could exploit the vulnerabilities identified by Halderman. He called Halderman’s claims “exaggerated.”
Dominion has told CISA that the vulnerabilities have been addressed in subsequent software versions, and the advisory says election officials should contact the company to determine which updates are needed. Halderman tested machines used in Georgia, and he said it’s not clear whether machines running other versions of the software share the same vulnerabilities.
Halderman said that as far as he knows, “no one but Dominion has had the opportunity to test their asserted fixes.”
To prevent or detect the exploitation of these vulnerabilities, the advisory’s recommendations include ensuring voting machines are secure and protected at all times; conducting rigorous pre- and post-election testing on the machines as well as post-election audits; and encouraging voters to verify the human-readable portion on printed ballots.
___
This story has been corrected to reflect that Tina Peters has been barred from overseeing this year’s election in her county, not from running for secretary of state. | https://cw33.com/news/politics/ap-politics/cyber-agency-voting-software-vulnerable-in-some-states/ | 2022-06-01T02:02:49Z |
PITTSBURGH, Sept. 5, 2022 /PRNewswire/ -- "I thought there could be an easier way to carry and keep track of a personal cell phone and work cell phone," said an inventor, from Greenfield, Minn., "so I invented the DUAL PHONE CASE. My design eliminates the hassle of keeping track of two separate phones and it provides added protection."
The patent-pending invention provides an effective case for holding and using two cell phones. In doing so, it ensures that call, text and camera functions are accessible for both phones. As a result, it increases organization and convenience and it helps to protect against accidental drops and damage. The invention features a lightweight and attractive design that is easy to use so it is ideal for the owners of two cell phones. Additionally, a prototype model is available upon request.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-MDA-143, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/09/05/inventhelp-inventor-develops-convenient-case-two-cell-phones-mda-143/ | 2022-09-05T23:15:39Z |
TORONTO, June 1, 2022 /PRNewswire/ - At a time when global concern about employee burnout is at a record high, McLean & Company, the trusted partner of HR and leadership professionals around the world, has released its newest blueprint, Plan to Extinguish Organizational Burnout. The data-driven research is designed to help business and HR leaders implement a multilevel approach to address and minimize burnout across their organizations, with the goal of creating a post-pandemic future without burnout.
"Common approaches to remedying burnout focus primarily on the individual's responsibility to solve the issue of feeling burnt out, like practicing yoga or taking additional time off," says Kelly Berte, director of HR Research & Advisory at McLean & Company. "While these approaches have value, they're only a temporary coping method. Today, 60% of HR professionals indicate they are experiencing higher levels of work stress compared to three years ago, as highlighted in McLean and Company's 2022 HR Trends Report."
The findings are particularly concerning when we take into account that employees who consider their work stress levels to be manageable are 3.7 times more likely to be engaged at work (McLean & Company Engagement Survey Database, 2022).
"To escape the infinite cycle of employees re-experiencing burnout, organizations need to shift the focus of burnout solutions from individual responsibility to the organizational level," explains Berte. "It's here that root causes are addressed and norms that promote employee health and wellbeing are fostered."
The new research states that the common causes of burnout, adapted from Maslach & Leiter, fall under six core domains:
- Workload – The number and complexity of work-related tasks or processes that require physical, mental, or emotional effort and are influenced by time pressures.
- Role Clarity & Autonomy – The degree to which employees understand their job responsibilities, have control over how their work is completed, and feel they have adequate resources or training to succeed
- Supervisor & Coworker Relationships – Internal relationships and the extent to which they promote mutual support, bidirectional communication, and cooperation.
- Rewards & Recognition – Monetary and non-monetary rewards that result in employees feeling valued and recognized for their personal contributions to the organization.
- Fairness & Equity – The perceived fairness of organizational processes and policies, such as work assignments, promotions, and pay increases.
- Employee & Organizational Values – The perceived connection between an employee's work responsibilities and goals and the organization's mission/vision/values.
To address these domains of burnout, McLean & Company suggests following its three-step plan:
- Identify root causes of burnout: Identify key roles and responsibilities in evaluating and addressing burnout. This includes gathering existing internal data to assess the current state of burnout and using McLean & Company's Burnout Questionnaire, then considering the data by employee segment to identify high-priority groups. Conducting focus groups to capture employee voice and identifying priority root causes of burnout and their associated goals and metrics are also critical.
- Tailor solutions to address root causes of burnout: Explore solutions across the six burnout domains and create a shortlist based on employee needs and organizational resourcing constraints. Consult with stakeholders to finalize a list of solutions and, finally, create a roadmap to outline solution implementation and plan for the change management process.
- Create a future with minimal burnout: Revise organizational policies and programs to identify gaps and opportunities for minimizing burnout. Equip managers with the tools and training they need to identify and minimize burnout within their teams and develop a communication plan to promote solution uptake. Then create a plan to reevaluate and monitor organizational burnout. Also consider reviewing McLean & Company workshops that can assist with solution implementation.
McLean & Company's research emphasizes that assessing burnout is an ongoing process, not a one-time effort. Triggers and signs of burnout will continuously surface across the workforce, creating the need for continuous reevaluation and iteration of solutions.
To support people leaders in their efforts to identify, address, and prevent burnout within their organizations, McLean & Company offers practical resources like Plan to Extinguish Organizational Burnout as well as various levels of support designed to meet organizations' unique HR needs, including DIY toolkits, guided implementations, workshops, and consulting.
To learn more about McLean & Company or to download all the latest research, visit hr.mcleanco.com and connect via LinkedIn and Twitter.
Media professionals are encouraged to register for McLean & Company's Media Insiders Program for more research and insights. This program provides unrestricted, on-demand access to HR, IT, and software industry content as well as subject matter experts from a group of over 200 research analysts. To apply for access, contact pr@mcleanco.com.
About McLean & Company
Through data-driven insights and proven best-practice methodologies, McLean & Company offers comprehensive resources and full-service assessments, action plans, and training to position organizations to meet today's needs and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
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SOURCE McLean & Company | https://www.mysuncoast.com/prnewswire/2022/06/01/organizations-must-address-employee-burnout-survive-post-pandemic-future-says-hr-research-firm-mclean-amp-company/ | 2022-06-01T17:05:11Z |
THOUSAND OAKS, Calif., Sept. 7, 2022 /PRNewswire/ -- Amgen (NASDAQ:AMGN) will host a webcast call for the investment community in conjunction with the European Society for Medical Oncology Annual Congress (ESMO) at 1:30 p.m. ET on Monday, Sept. 12, 2022. David M. Reese, M.D., executive vice president of Research and Development at Amgen, along with members of Amgen's clinical development team, will discuss the data being presented from the LUMAKRAS® (sotorasib) CodeBreaK 200 confirmatory Phase 3 study in non-small cell lung cancer and data from the full Phase 1b expansion cohort of LUMAKRAS in combination with Vectibix® (panitumumab) in colorectal cancer. The webcast will be broadcast over the internet simultaneously and will be available to members of the news media, investors and the general public.
The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com, under Investors. Information regarding presentation times, webcast availability and webcast links are noted on Amgen's Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event.
About Amgen
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2021, Amgen was named one of the 25 World's Best Workplaces™ by Fortune and Great Place to Work™ and one of the 100 most sustainable companies in the world by Barron's.
For more information, visit www.amgen.com and follow us on www.twitter.com/amgen.
CONTACT: Amgen, Thousand Oaks
Jessica Akopyan, 805-447-0974 (media)
Megan Fox, 805-447-1423 (media)
Arvind Sood, 805-447-1060 (investors)
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SOURCE Amgen | https://www.wibw.com/prnewswire/2022/09/07/amgen-webcast-investor-call-esmo-2022/ | 2022-09-07T21:10:46Z |
REPORT: Jalen Wilson to withdraw from Draft, return to KU
Published: Jun. 1, 2022 at 4:42 PM CDT|Updated: 11 minutes ago
LAWRENCE, Kan. (WIBW) - KU forward and 2022 national champion Jalen Wilson will return to Lawrence for another season, per Stadium’s Jeff Goodman.
Goodman tweeted Wednesday Wilson will withdraw from the NBA Draft.
Players have until 10:59 p.m. CT to inform the NCAA on their decision.
Wilson averaged 11.1 points and 7.4 rebounds in 29.4 minutes per game last season. He put up 15 points and pulled down 4 boards in KU’s national championship win over North Carolina.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/01/report-jalen-wilson-withdraw-draft-return-ku/ | 2022-06-01T21:54:11Z |
ATHENS -- Judges selected 32 finalists, including one from Albany and one from Dawson, to compete in the final round of the University of Georgia College of Agricultural and Environmental Sciences’ annual Flavor of Georgia food product contest. Narrowed from a field of 148 products, the finalists will compete on April 21 at The Classic Center in Athens with an award ceremony to follow.
The contest is the state’s proving ground for small, start-up food companies as well as established brands looking for recognition or new markets. This year’s finalists represent all corners of the state and the best of Georgia’s diverse culinary heritage.
“The Flavor of Georgia competition is an opportunity for the Department of Food Science and Technology to make an impact with companies and individuals who are developing new products and new businesses — ultimately, these new products and businesses benefit not only those who are directly involved in them but also those who buy the products they sell,” FST Department Head and Professor Manpreet Singh said in a news release. “With a wealth of resources at their disposal through FST on the Athens and Griffin campuses, Flavor of Georgia competitors are able to develop flavorful, marketable and profitable products for consumers.”
Included among the finalists are Albany's Ruthie's Best butterscotch sauce and Dawson's O'Baby BBQ sweetie sauce.
Judges for the final round of the contest will include food brokers, grocery buyers and other food product experts. Entries are evaluated by category based on their Georgia theme, commercial appeal, taste, innovation and market potential. Contestants will provide samples to judges while pitching their products in a three-minute presentation. Winners will be named for each category, the overall grand prize and a people’s choice award, which will be chosen by event attendees.
The 2022 finalists, listed by company, product name and city within the 11 competition categories, are all from Georgia-based businesses.
Barbecue Sauces
Brooksmade Gourmet Foods Inc., Habanero Soulful Sauce, Alpharetta
Lane’s BBQ, Pineapple Chipotle Sauce, Winder
O’Baby BBQ, Sweetie Sauce, Dawson
Beverages
Boarding Pass Coffee, Monte Alegre (Brasil) — Light Roast, Milton
Byne Blueberry Farms, Blueberry Cider, Waynesboro
HIBO LLC, HIBO Classic Hibiscus Superdrink+Peach, Bishop
Condiments and Salsas
Point Blank Pepper Company, Smoke Rings, Marietta
Powerful Pepper Company, Hot Pickled Okra, Marietta
Pride Road LLC, Peach Hibiscus Chutney, Lithonia
Confections
Maybird Confections, White Gold Pecan Toffee, Alpharetta
Rock Salt Milk Bar, Caramel Pecan Cookie, Newnan
Zolene Gluten-Free Delights LLC, Gluten-Free Vegan Pecan Praline Blondies, Atlanta
Dairy and Related Products
Hart Dairy, Pasture Raised & Grass Fed 365 Days Per Year Chocolate Whole Milk, Alpharetta
Rock House Creamery, Tomato, Basil and Garlic Fresh Chevre, Newborn
Suga’s Enterprises LLC, Gourmet Black Truffle Pimento Cheese, Powder Springs
Honey and Related Products
Deju LLC, Grandma’s Honey Stuff, Conyers
Savannah Bee Company, Hot Honey, Savannah
Jams and Jellies
Georgia Jams LLC, Vidalia Onion Spread, Williamson
three b’s jams LLC, three b’s Strawberry Jalapeno Jam, Greensboro
We Bee Jammin’ LLC, Strawberry Lemonade Marmalade, Pooler
Meats and Seafood
920 Cattle & Company, Southern Caprese Sausage, Millen
Sunset Farm Foods, Sunset Farm Brand Country Applewood Smoked Sausage, Valdosta
White Oak Pastures, Pastured Pork Bacon, Bluffton
Miscellaneous
Buenos Dias Pupusas, Pupusas, Atlanta
Ruthie’s Best, Ruthie’s Best Butterscotch Sauce, Albany
Sutton Mill Creek Syrup Co., Spiced Apple Cider Hickory Syrup, Clarkesville
Sauces and Seasonings
Komodo Sauces, Komodo Black, Kennesaw
Lane’s BBQ, Spellbound Rub/Seasoning, Winder
Num Num Sauce Company, Num Num Sauce, Atlanta
Snack Foods
All the Fixins Pecans, “Get ‘em Riled Up” Crunchy Chocolate Pecans, Twin City
Cassava Breads, Garlic & Herb Cheese Bread, Evans
Mokipops LLC, Mokipops Basil Lemonade Frozen Fruit Bar Popsicle, Atlanta
Flavor of Georgia is more than a contest, event planners say. The event helps to promote the variety and successes of food entrepreneurs all over the state. Since 2007, more than 1,500 products have been entered into the contest, and participating businesses have experienced increased sales, business contacts, publicity and overall interest in their products.
Past finalists report that participation in the contest boosts their annual sales by about 20% on average. Taking into account multiplier effects, it is estimated that increased sales from participating in Flavor of Georgia contribute to more than $5.6 million in annual revenue for the Georgia economy, according to a follow-up survey of previous finalists and winners from 2015-19.
To learn more about the contest, including benefits and registration, visit flavorofgeorgia.caes.uga.edu. | https://www.albanyherald.com/features/food_recipes/32-finalists-to-compete-in-flavor-of-georgia-food-product-contest/article_b19127de-ba6d-11ec-b732-5baf95695f60.html | 2022-04-12T17:22:31Z |
CALGARY, AB, March 31, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, today announced it will host a conference call to discuss the financial results for the year-end and fourth quarter of 2021 and its outlook on 2022 at 10:00am EDT on April 4, 2022.
The conference call will include prepared remarks from Russ McMeekin, Chief Executive Officer, and Chantal Schutz, Chief Financial Officer. After the prepared remarks, the Company will accept questions.
This date and time follows from the Company's release on March 30 it would add a discussion of its recent partnership with Carbon Royalty Corp and Middle East strategic financing alternatives to prepared remarks.
To access the conference call by telephone, dial 416-764-8659 or 1-888-664-6392 with the confirmation number 74107253. Please connect approximately 10 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay by telephone until April 11, 2022 at midnight (ET). To access the archived conference call, dial 1-888-390-0541 and enter the reservation number 107253.
A live audio webcast of the conference call will be available at https://bit.ly/3NvJvZs. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above website for one year.
About mCloud Technologies Corp.
mCloud is unlocking the untapped potential of energy intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare. With over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.
mCloud's common shares trade in the United States on the Nasdaq and in Canada on the TSX Venture Exchange under the symbol MCLD. mCloud's convertible debentures trade on the TSX Venture Exchange under the symbol MCLD.DB. For more information, visit www.mcloudcorp.com.
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SOURCE mCloud Technologies | https://www.wibw.com/prnewswire/2022/03/31/mcloud-host-fourth-quarter-year-end-2021-financial-results-conference-call-1000am-edt-april-4-2022/ | 2022-04-01T03:36:47Z |
PITTSBURGH, June 1, 2022 /PRNewswire/ -- The United Steelworkers (USW) today said that members ratified a new, four-year master contract with Arconic (NYSE: ARNC) covering roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.
USW District 11 Director Emil Ramirez, who chaired the negotiations, said that workers showed solidarity to win substantial economic and contract language improvements for Arconic employees.
"The unity of our membership across all of the Arconic locations put us in position to negotiate more secure jobs with improved wages and excellent benefits," Ramirez said. "When union workers stand together in the name of fairness and justice, there are no limits to what we can accomplish."
Ramirez credited strong local union leadership for voicing members' concerns at the table.
"Our local union representatives' strong voices in negotiations were crucial in making sure the issues most important to the membership were addressed," he said.
The newly ratified contract increases wages by 22 percent over the next four years, provides $4,000 in essential worker appreciation bonus paid in two payments, adds Martin Luther King Jr. Day as a holiday, increases shift and schedule premiums, improves vacation for new hires, increases retirement income security, raises weekly Sickness & Accident benefits, adopts a formulary for specialty drugs and maintains the current medical coverage with no increases in employee premiums, deductibles or office visit copays.
The new agreement also improves the overall health, safety and environment language. It strengthens requirements that the company eliminate the known risks posed by equipment, applies the hierarchy of controls, improves language on personal protective equipment, secures and strengthens the activities of the Union-Management Health & Safety Committee and enhances employee rights to stop work that they believe to be unsafe or unhealthy.
The USW represents 850,000 men and women employed in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in tech, higher education, public sector and service occupations.
More information, contact: Tony Montana – (412) 562-2592 or tmontana@usw.org
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SOURCE United Steelworkers (USW) | https://www.wibw.com/prnewswire/2022/06/02/union-members-ratify-four-year-agreement-with-arconic/ | 2022-06-02T02:31:01Z |
AKRON, Ohio, June 3, 2022 /PRNewswire/ -- Smithers, a leading provider of testing, consulting, information, and compliance services, is pleased to announce the Smithers Quality Assessments Division has achieved accreditation by ANAB to offer AS9120 third-party certification services.
The AS9120 standard is specific to the requirements for aviation, space, and defense distributors. After achieving a market leading position amongst certification bodies (CBs) with the most recently reported Boeing's CB Report Card, Smithers' expansion of the AS100 series of certification offerings underscores its continued commitment to, and deepening expertise in the aerospace industry.
"We are excited to expand our portfolio of aerospace certifications to include AS9120:2016. Accreditation to this standard will allow us to deliver our high touch certification services to both Maintenance Repair Operations (MRO) & distribution customers, and to better service our existing clients with the transition to AS9104/1A." said, Aaron Dalby, Aerospace Sector Manager, at Smithers.
The Smithers Quality Assessments Division maintains regular participation in various AS standard development committees, including AS9101, AS9104/1 and AS9104/3. Jeanette Preston, President of Smithers Quality Assessments Division, also serves as the sole CB focal point for the Americas Aerospace scheme. This active involvement in the ICOP scheme ensures that Smithers Quality Assessments Division maintains a key leadership role in promoting the importance of the AS-series requirements.
For more information about Smithers, AS9120 certification, please contact Mr. Aaron Dalby.
Founded in 1925 and headquartered in Akron, Ohio, Smithers is a multinational provider of testing, consulting, information, and compliance services. With laboratories and operations in North America, Europe, and Asia, Smithers supports customers in the transportation, life science, packaging, materials, components, consumer, dry commodities, and energy industries. Smithers delivers accurate data, on time, with high touch, by integrating science, technology, and business expertise, so customers can innovate with confidence.
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SOURCE Smithers | https://www.kxii.com/prnewswire/2022/06/03/smithers-achieves-accreditation-provide-as9120-third-party-certification-services/ | 2022-06-03T19:22:13Z |
Proper's technology is creating an industry-standard platform for fintechs to maintain their data integrity, improving the speed of innovation across the industry and the overall health of the financial services ecosystem.
SAN FRANCISCO, June 8, 2022 /PRNewswire/ -- Proper Finance, the integrated reconciliation and ledger data platform that enables financial technology companies to maintain complete financial accuracy, closed a $4.3M seed round led by Redpoint Ventures with participation from BoxGroup, Mischief, Y Combinator, and more.
Some of the tech industry's fastest-growing startups belong to the accrescent fintech ecosystem. Through new financial tools and services, these companies entirely reshaped how consumers and businesses interact with their finances, moving money around the world at unprecedented levels of speed and volume. Such rapid growth makes it nearly impossible for these fintechs to scale their reconciliation processes, making them vulnerable to financial data inaccuracies that can mount into larger financial problems that are sometimes impossible to solve.
"Since Proper's inception, we've met with companies that range from household names to smaller upstarts, and what we've discovered is that being unable to maintain complete financial accuracy is a problem that is not just common, but universal to all fintechs," said Kyle Maloney, co-founder, and CEO of Proper. "We're providing a ubiquitous solution to help the ecosystem at large so that fintechs can trace and account for every payment that flows through their systems at scale. Not accounting for every single cent can snowball into scenarios where six-digit sums are unaccounted for. Our team's skill set is unparalleled and they were uniquely assembled to solve this specific problem using their hybrid fintech, banking, and accounting backgrounds."
With Proper, fintechs don't need to spend precious engineering resources on low-level data tasks, or on creating and maintaining bespoke internal systems. Knowing that Proper has its financial operations securely covered, Proper's customers can use those resources to focus on core business and innovate new tools and services that they can more swiftly bring to market.
"Oftentimes data integrity is an afterthought for new fintechs, and they have to retroactively build these processes into their workflows, creating large sums of work for the lean engineering teams of an upstart," said Helson Taveras, Chief Technology Officer of Keep. "By selecting Proper for our ledgering, we can manage complex fund flows from the start, saving developer time and resources for what we need the most: bringing new products to market. Working with the Proper team has been absolutely stellar; they are prompt, insightful, and always willing to jump on a call for help."
"The team at Proper is incredibly talented and has a deep understanding of this problem space," said Tony Ford, investor, and former CTO of Marqeta. "To properly support successful fintech products, you must have financial data integrity and efficient payment operations. With the Proper platform, fintechs will have the help they need to support their complex financial applications."
With Proper, fintechs can manage their financial data – from payments providers to banks, network files such as NACHA, or even in-house payment processing systems – within a single platform. Proper is the fintech industry's first scalable, easy-to-integrate reconciliation and ledger software for modern fintechs of all sizes. With this round of funds Proper plans to further develop its already robust suite of products: Reconciliation-as-a-Service, payments data platform, and the universal ledger. Additionally, the Proper team will introduce no-code tools for payment operations teams to track and reconcile money movement across systems, as well as additional payment method integrations.
"Proper is such an exciting investment for us because when we ask fintech operators and marketplaces we universally get a response indicating how big of a pain point payment reconciliation is. This is why we believe this is the right wedge into building a broader fintech ops platform" said Medha Agarwal, Partner at Redpoint. "The team's genuine excitement to drive improvement for their customers, their deep understanding of the context and first-hand experience from their time at Marqeta, and its technically impressive platform, positions Proper to be the first company to successfully solve such a complex, industry-wide obstacle."
About Proper: Proper's mission is to accelerate the speed of innovation in fintech and improve the health of the financial services ecosystem by ensuring that the world's most innovative fintech companies are maintaining precise financial data at scale. Proper is the first integrated reconciliation and ledger software that maintains complete financial accuracy for financial technology companies of all sizes. Proper is a 2022 Y Combinator participant backed by Redpoint Ventures.
About Redpoint Ventures: Redpoint has partnered with visionary founders to create new markets and redefine existing ones since 1999. We invest in startups across the seed, early and growth phases, and we're proud to have backed over 578 companies—including Snowflake, Looker, Kustomer, Twilio, 2U, DraftKings, Duo Security, HashiCorp, Stripe, Root Insurance, HomeAway, Heroku, Netflix, and Sonos—with 181 IPOs and M+A exits. Redpoint manages $5.8 billion across multiple funds. For more information visit: http://www.redpoint.com/
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SOURCE Proper Finance | https://www.mysuncoast.com/prnewswire/2022/06/08/y-combinator-backed-proper-finance-raises-43m-create-first-integrated-reconciliation-software-fintechs-maintain-complete-financial-accuracy/ | 2022-06-08T12:13:33Z |
NEW YORK, June 7, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (NYSE: LICY) alleging that the Company violated federal securities laws.
Class Period: February 16, 2021 to March 23, 2022
Lead Plaintiff Deadline: June 20, 2022
No obligation or cost to you.
Learn more about your recoverable losses in LICY:
https://www.kleinstocklaw.com/pslra-1/li-cycle-holdings-corp-loss-submission-form?id=28119&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle's largest customer, Traxys, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle's product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company's mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company's reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company's gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Li-Cycle you have until June 20, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Li-Cycle securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LICY lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/li-cycle-holdings-corp-loss-submission-form?id=28119&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/06/07/licy-alert-klein-law-firm-announces-lead-plaintiff-deadline-june-20-2022-class-action-filed-behalf-li-cycle-holdings-corp-fka-peridot-acquisition-corp-shareholders/ | 2022-06-07T11:05:43Z |
The defense attorney for an Ohio doctor accused of overprescribing pain medication to multiple patients near death asked for a mistrial in the case Monday, saying certain remarks from prosecutors during closing arguments implied the defense has to meet a burden of proof.
Defense attorney Jose Baez argued prosecutors have the burden to prove guilt and the defense doesn't have to prove anything.
The defendant, William Husel, faces 14 counts of murder related to the allegations he prescribed the opioid fentanyl in doses "designed to hasten the death of the patients that were being treated," prosecutors said when Husel was indicted in June 2019. He was initially indicted on 25 counts of murder, but in January -- about a month before the trial began -- 11 of the 25 counts against him were dismissed. Husel has pleaded not guilty.
Husel worked at Mount Carmel Health System in Columbus. He was fired December 5, 2018. According to the indictment, the patient deaths took place between February 2015 and November 2018.
In arguing for a mistrial, Baez said prosecutors asked during Monday's closing arguments why the defense didn't put certain witnesses on the stand and why the defense didn't ask their expert witnesses a particular question. Prosecutors also told the jury that "no one in the world is giving these doses," referring to the fentanyl at the center of the case, when there was no evidence on that issue, Baez said.
The prosecution said their closing arguments were proper, and Judge Michael Holbrook will rule on the request for a mistrial Tuesday morning before jury deliberations are set to begin.
'It is murder to kill a dying person,' prosecutors argue
Prosecutors spent more than two hours presenting their closing Monday, arguing, in part, that "it is murder to kill a dying person."
Assistant Franklin County prosecutor David Zeyen told the jury Husel had the "specific intention" to cause the deaths of all 14 patients.
"You have to get into his mind," Zeyen said. "You have to figure it out."
Zeyen told jurors that even if the patients' underlying medical conditions also caused the deaths, if the fentanyl "hastened the deaths", Husel is responsible.
Zeyen lined up a long row of fentanyl bottles for the jury to see as he referenced the testimony of witnesses describing patients' medical conditions. He said each patient was different but many were given the same amounts of the drugs.
Several patients were brain damaged, Zeyen told the jury, but instead of giving them less medication because they wouldn't be able to feel the pain, larger doses were ordered by Husel.
Experts for the prosecution testified that no one else in the field of comfort care medicine is giving similar amounts of fentanyl.
"No literature supports this," Zeyen argued.
Three other ICU physicians at Mt. Carmel West -- where Husel practiced -- testified they used morphine for pain rather than fentanyl, and the morphine was given in small doses at designated intervals.
Defense rails against prosecutors, police in closing arguments
Baez, the defense attorney, argued prosecutors had not proven beyond a reasonable doubt that the doses actually hastened the patients' deaths or that Husel purposely intended to kill the patients.
He criticized the prosecutors' case, saying, "Things that were fed to you that were just not true. Completely contradicted by the records. That's not what this process is for."
Baez argued to the jury that the police initially didn't carry out a fair and impartial investigation.
He accused police of relying too heavily on the hospital's internal investigation and argued prosecutors failed to ask when patients stopped breathing, why they had respiratory depression and then their heart stopped beating.
"William Husel is sitting here now because they didn't do that," he said.
Husel never tried to hide the amount of fentanyl he was giving patients, Baez argued. "You do something wrong you try to hide it," he told the jury. "That shows his intent right there."
Baez also argued both sides agree there are no maximum doses for fentanyl used in comfort care medicine, and went through all 14 patients outlining measures Husel performed to save their lives.
The nurses who worked alongside Husel were the most important witnesses of this trial, he said, adding that they all lost their jobs and most are no longer nurses.
"You would think they would be really angry at William Husel," but they all spoke extremely highly of him as a physician, Baez said.
"They were there. We were not," he said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/defense-asks-for-mistrial-in-case-of-ohio-doctor-accused-of-multiple-murders-related-to/article_b320830f-2bfc-5c4d-bda5-c0ebd21895da.html | 2022-04-12T17:23:38Z |
SAN FRANCISCO, June 2, 2022 /PRNewswire/ -- This evening, the National Venture Capital Association (NVCA), at its annual Leadership Gala, will recognize BlocPower as its 2022 Startup Innovator award winner.
Each year, the NVCA "honors those who have made significant contributions to foster innovation, advance technology, and drive new company formation." BlocPower earned the Startup Innovator award for its "dedication to affecting positive change," and leadership "within the entrepreneurial ecosystem around the problem it seeks to address."
BlocPower makes building electrification accessible and affordable at scale, while helping cities and communities tap into the benefits of the broader decarbonization ecosystem—including job creation and improved health. The company's focus is the millions of underserved small and medium sized buildings nationwide in need of $1.2 trillion in upgrades and responsible for 7% of U.S. greenhouse gas emissions.
Using its proprietary software, BlocMaps, to identify the buildings most in need of green upgrades along with the company's innovative financing model to make retrofitting affordable to all, BlocPower aims to complete building electrification projects at scale, while putting historically marginalized and environmental justice communities at the forefront of its work. The Bezos Earth Fund is backing the expansion of BlocMaps.
At the World Economic Forum's 2022 summit in Davos, Switzerland this May, BlocPower founder and CEO Donnel Baird shared his company's vision and proven model with global leaders.
"I always thought there was some master plan on climate change," said Baird from Davos, "and that when you got into that room with the people holding the puppet strings, the master plan would be revealed to you. But there is no master plan." Instead, Baird—who was joined by Dr. Luis Aguirre-Torres, Director of Sustainability for the City of Ithaca, NY—pointed to BlocPower's work to execute a first of its kind citywide electrification plan of 6,000 buildings in Ithaca and to take that model nationwide.
This year, in addition to the award from NVCA, BlocPower was named the #4 Most Innovative Company in the World by Fast Company and a TIME100 Most Influential Company.
BlocPower is a Brooklyn-based climate technology company rapidly greening American cities. Since its founding in 2014, the company has completed energy projects in 1,200+ buildings and delivers results ahead of schedule and under budget. BlocPower utilizes its proprietary software for analysis, leasing, project management, and monitoring of urban clean energy projects and its customers are saving 20-40% on their energy bills each year. The company is backed by the world's top investors, including Kapor Capital, one of Uber's first investors, Andressen Horowitz, early investor in Facebook, Twitter, AirBnB and Lyft, the former Chairman of Google, and American Family Insurance Institute for Corporate and Social Impact. For more information please visit https://blocpower.io.
Contact:
press@blocpower.io
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SOURCE BlocPower | https://www.kxii.com/prnewswire/2022/06/02/blocpower-honored-2022-national-venture-capital-association-leadership-gala/ | 2022-06-02T15:57:13Z |
Leading senior in-home care provider listed as the top ranked national homecare organization by Great Place to Work® and Fortune magazine
BALTIMORE, July 26, 2022 /PRNewswire/ -- Senior Helpers®, the nation's premier provider of in-home senior care, today announced it has been named to Fortune's 2022 Best Workplaces for Millennials list as the top ranked national homecare employer. The national, annual ranking recognizes the company's commitment to a positive workplace environment that equally prioritizes business and employee success.
"Senior Helpers is pleased to be recognized by Fortune and Great Place to Work as the top ranked national homecare agency on this year's Best Workplaces for Millennials list," said Peter Ross, Senior Helpers CEO. "This honor demonstrates our commitment to prioritizing overall employee well-being and further validates our pledge to improving not only the quality of life for our clients and their families but also our employees."
Conducted by Great Place to Work, a global people analytics and consulting firm, the ranking leverages anonymous survey responses from more than one million employees and data from companies representing more than 6.1 million employees, and assesses how inclusive, fair, respectful and positive each company's work environment is. This prestigious list was finalized by measuring the differences in over 413,000 millennials' responses to those of other generations.
Senior Helpers operates with a vision to be the leading in-home care company in each community it serves. Its caregivers are trained to offer the highest level of care possible based on the company's Senior Gems® Alzheimer's and dementia care program. As the highest measure of excellence in personalized in-home senior care, the program was developed in conjunction with nationally recognized dementia care expert Teepa Snow, Positive Approach, LLC. Clients also benefit from the company's Parkinson's Care Program, a specialized training program for their caregivers created in conjunction with leading experts from the Parkinson's Foundation's Centers of Excellence network.
"These companies value their millennial workers by showing genuine care, flexibility and purpose in ways that matter to this generation," says Michael C. Bush, CEO of Great Place to Work. "They expect company values to be lived by their leaders, which, in turn, elicits their loyalty and trust. Congratulations to the Best Workplaces for Millennials for their hard work."
The Great Place to Work Trust Index™ methodology is taken by millions of employees across thousands of companies annually. For nearly three decades, it has represented the gold standard in measuring workplace culture and employee engagement, and it is the benchmark for identifying and recognizing top-tier workplace experiences.
For more information on Senior Helpers, visit https://www.seniorhelpers.com/.
About Senior Helpers®
Senior Helpers® is the nation's premier provider of in-home senior services ranging from specialized care for those with diseases, such as dementia, Alzheimer's and Parkinson's, to personal and companion care to help individuals looking for a little assistance with daily activities. Founded in 2002 with a vision to help seniors age with dignity despite age-related illnesses and mobility challenges, Senior Helpers® has hundreds of franchised and owned businesses that have cared for tens of thousands of seniors. The company is owned by Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health, one of the nation's largest health systems.
Learn more by visiting https://www.seniorhelpers.com.
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SOURCE Senior Helpers | https://www.mysuncoast.com/prnewswire/2022/07/26/senior-helpers-recognized-by-fortune-top-100-best-workplace-millennials/ | 2022-07-26T13:28:03Z |
An armed male tried to enter the FBI office August 11 around 9:15 a.m. ET, Lt. Nathan Dennis, a spokesperson for the Ohio State Highway Patrol, said in a news conference. The suspect was unsuccessful, however, and fled the area.
An attempted breach of a Cincinnati FBI building has led to an active standoff with an armed suspect in Clinton County, according to Ohio State Highway Patrol.
The suspect held up an AR-15-style rifle before fleeing in a vehicle north onto I-71 leading Ohio State Highway Patrol on a pursuit. Officers are pictured at the FBI office on August 11.
An armed male tried to enter the FBI office August 11 around 9:15 a.m. ET, Lt. Nathan Dennis, a spokesperson for the Ohio State Highway Patrol, said in a news conference. The suspect was unsuccessful, however, and fled the area.
WLWT
An attempted breach of a Cincinnati FBI building has led to an active standoff with an armed suspect in Clinton County, according to Ohio State Highway Patrol.
WLWT
The suspect held up an AR-15-style rifle before fleeing in a vehicle north onto I-71 leading Ohio State Highway Patrol on a pursuit. Officers are pictured at the FBI office on August 11.
A law enforcement standoff with a man who attempted to breach the FBI's field office in Cincinnati on Thursday has ended with the suspect dead, according to the Ohio State Highway Patrol.
Lt. Nathan Dennis said that after negotiations failed, law enforcement officers tried to take suspect into custody, but the suspect raised a gun at authorities and was fatally shot.
The man was identified as Ricky Shiffer, according to three federal law enforcement sources.
The FBI is investigating Shiffer's social media presence and whether he had ties to right-wing extremism, one of the sources said.
A separate federal law enforcement source tells CNN that authorities are looking into whether the suspect had ties to any group that participated in the January 6th attack on the U.S. Capitol or if he participated himself.
The hourslong standoff followed a vehicle chase with the suspect.
Earlier, Dennis said an armed man tried to enter the FBI office in Cincinnati Thursday morning around 9:15 a.m. ET. The suspect was unsuccessful, however, and fled the area.
An Ohio state trooper spotted the suspect's vehicle at a northbound rest stop along Interstate 71 about 20 minutes after the attempted breach, Dennis said, and tried to initiate a traffic stop before the suspect fled.
"The suspect vehicle did fire shots during that pursuit," Dennis said in the earlier news conference. The suspect then exited onto State Route 73 and traveled east to Smith Road, where he headed north before eventually coming to a stop.
"Gunfire was exchanged between officers on scene and the suspect," Dennis said.
At the time of the news conference, no officers had been injured, Dennis said.
The FBI said "an armed subject attempt to breach" the facility's Visitor Screening Facility.
"Upon the activation of an alarm and a response by armed FBI special agents, the subject fled northbound onto Interstate 71," the statement said. "The FBI, Ohio State Highway Patrol, and local law enforcement partners are on scene near Wilmington, OH trying to resolve this critical incident."
A federal law enforcement source told CNN the suspect was believed to be armed with a nail gun and AR-15. Another federal law enforcement source with knowledge of the incident told CNN FBI facilities around the country are reviewing their security posture in the wake of the incident.
In a message reviewed by CNN on Thursday, FBI Director Chris Wray told the bureau's employees their "safety and security" was his "primary concern right now."
"There has been a lot of commentary about the FBI this week questioning our work and motives," Wray said. "Much of it is from critics and pundits on the outside who don't know what we know and don't see what we see. What I know -- and what I see -- is an organization made up of men and women who are committed to doing their jobs professionally and by the book every day; this week is no exception."
In remarks Thursday announcing the US Justice Department has filed a motion to unseal the search warrant served to Trump's Florida home, Attorney General Merrick Garland said he could not "stand by silently when their integrity is unfairly attacked. The men and women of the FBI and the Justice Department are dedicated, patriotic public servants."
It's been a typical rainy August week, but that doesn't have to put a damper on the weekend. So come out and see what's going on in the Albany area. Click for more.
CNN's Evan Perez, Chuck Johnston and Caroll Alvarado contributed to this report.
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Activate your digital account | https://www.cantonrep.com/restricted/?return=https%3A%2F%2Fwww.cantonrep.com%2Fstory%2Fsports%2Fhigh-school%2Fbaseball%2F2022%2F04%2F25%2Fdrew-denham-marlington-dukes-high-school-baseball-elbow-surgery-tommy-skelding-cody-jones-ohsaa%2F7408394001%2F | 2022-04-25T11:16:45Z |
CANBERRA, Australia (AP) — In at least one sense, Scott Morrison is the most successful Australian prime minister in years.
He is the first to survive in office from one election to the next since 2007. That year, the government of Australia’s second-longest-serving Prime Minister John Howard was voted out after a reign of almost 12 years.
Between Howard and Morrison, there have been four prime ministers including Kevin Ruddwho served twice during an extraordinary period of political instability in Australia.
Rudd’s second stint ended when voters ousted his center-left Australian Labor Party government in the 2013 election. The other three prime ministers were toppled by their own parties, which panicked amid poor opinion polling. So too was Rudd during his first stint that set the revolving door to the prime minister’s office spinning.
Morrison’s relative longevity can be explained in part by his conservative Liberal Party tightening the rules that enable them to activate their leader’s ejector seat.
But most put his survival for a full three-year term down to the credit Morrison is given for leading his coalition to a narrow victory in the last election in 2019 when Labor was favored to win. Some betting agencies had been so confident of a Labor victory that they had paid out the party’s backers before polling day.
Morrison announced on Sunday that the next election will be held on May 21. It’s the latest date available to him.
Morrison’s coalition is again behind in most opinion polls. But the polls’ credibility has not recovered from the shock of the 2019 result and Morrison is now recognized as a masterful campaigner who does not surrender.
The 53-year-old former tourism marketer was labeled the “accidental prime minister” in 2018 when his government colleagues chose him to replace then-Prime Minister Malcolm Turnbull.
It was yet another overthrow of a prime minister without involving voters for reasons not fully explained in a process that Australians increasingly loathe. Polls suggested Morrison would have one of the shortest tenures of any Australian prime minister with elections only months away.
His critics argue that his success has been a triumph of style over substance.
The satirical website Betoota Advocate labeled him “Scotty from Marketing” when he first came to power and the description has gained popularity since.
Opposition leader Anthony Albanese has been nicknamed Albo since he was a child in keeping with a time-honored Australian tradition of abbreviating names and often adding “o” at the end.
Likewise, Morrison is widely known as ScoMo. But there is conjecture around just how organic that nickname is.
“That’s what I’ve been tagged as, so I may as well embrace it,” Morrison said in 2017 when as treasurer he added “ScoMo” to his Facebook account name.
Morrison sells himself as an ordinary Australian family man who is passionate about his Sydney Pentecostal church and his local National Rugby League football team, the Cronulla-Sutherland Sharks.
His persona is described as “Daggy Dad,” an affectionate Australian term for an unfashionable father who can be amusing but can also be a source of embarrassment for teenage children.
During a family profile for Australia’s “60 Minutes” current affairs program broadcast nationally in February, he sang an amateurish rendition of a 1970s rock song “April Sun in Cuba” while strumming a ukulele.
He is the son of police officer and one-term mayor John Morrison and a descendant of British convict William Roberts, who arrived in Australia in 1788 with the first fleet of 11 ships that established the penal colony that became Sydney.
He promoted tourism for the Australian and New Zealand governments before entering politics.
He is seen by some as an incongruous mix of a committed Christian who made his name through ratcheting up a refugee policy that many church groups have condemned as inhumane.
Morrison rose to public prominence when the conservative coalition government was first elected under Prime Minister Tony Abbott in 2013 as the minister who stopped asylum-seekers from attempting to reach Australian shores by boat.
Australia used the navy to turn boats back to Indonesia, or it banished refugees to remote immigration camps in the poor Pacific island nations of Papua New Guinea and Nauru.
The policy has been widely condemned as a callous abrogation of Australia’s international obligations to help refugees. Australia’s human rights watchdog found in 2014 that Morrison failed to act in the best interests of asylum-seeker children in detention.
Morrison explained his deep belief in the righteousness of crushing the people-smuggling trade and preserving the safety of people who are tempted to board rickety boats to take the long and treacherous voyage to Australia.
The boats have stopped arriving and the government recently moved to neutralize the plight of refugees still languishing on the islands by accepting a New Zealand offer to resettle 150 a year.
Morrison remains proud of the refugee policy. He has a trophy shaped like a silhouette of a people-smuggler’s boat inscribed with the words: “I Stopped These.”
Sen. Concetta Fierravanti-Wells, an enemy of Morrison within his conservative Liberal Party, said the prime minister’s faith was a marketing ploy.
She described Morrison as the most ruthless person she had met in her public life.
“He is adept at running with the foxes and hunting with the hounds, lacking a moral compass and having no conscience,” Fierravanti-Wells said in her final speech to the Senate in March.
“His actions conflict with his portrayal as a man of faith. He has used his so-called faith as a marketing advantage,” she added.
Morrison referred to his Christian faith’s influence on his politics during his first speech to Parliament in 2008.
“So what values do I derive from my faith?” Morrison asked.
“My answer comes from Jeremiah, Chapter 9:24: I am the Lord who exercises loving kindness, justice and righteousness on earth; for I delight in these things, declares the Lord,” he said. | https://cw33.com/news/international/ap-international/australia-pm-morrison-first-to-serve-full-term-in-15-years/ | 2022-04-11T06:46:25Z |
Syndicate Includes Fall Line Capital, Middleland Capital, GV, and Taylor Farms; Clay Mitchell joins the board
SALINAS, Calif., June 1, 2022 /PRNewswire/ -- Farm automation startup FarmWise Labs, Inc. today announced that it has completed an oversubscribed $45m Series B funding round, led by leading AgTech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, a leading grower and processor of leafy greens and fresh vegetables. Existing investors Calibrate Ventures, Playground Global, SVG Ventures and the venture arm of Wilbur Ellis also participated in the round. To date, FarmWise has raised $65 million in equity. With this round, Clay Mitchell, co-founder and managing director of Fall Line Capital and a fifth-generation Iowa farmer joins the FarmWise board of directors.
"We started FarmWise with the conviction that farmers should be supplied with cost-effective, sustainable solutions to feed a growing world, and artificial intelligence is the ideal technology to make this a reality," said Sebastien Boyer, co-founder and CEO of FarmWise. "With rising costs in the agricultural industry, we're continuing to expand our technology to work with many more farmers."
Monitoring plant-level data with state-of-the-art equipment, the FarmWise system mechanically removes individual weeds with sub-inch precision. Leveraging a fleet of automated weeders, the company has been operating as a custom service provider to large vegetable farms across California and Arizona for three commercial seasons, increasing revenues threefold year over year. After 15,000 commercial hours, FarmWise has enriched its plant database with over 450 million scanned images of individual crops.
"Over the past two years, it has been exciting to watch FarmWise establish itself as a reliable solutions partner to many in our industry," says Ted Taylor, head of new ventures and business development at Taylor Farms. "We are thrilled to be supporting FarmWise as a customer, and now investor, as they move into the future."
With supply chain disruptions and rising global inflation, farmers are expected to face an increase in agricultural input costs. According to Purdue University, 60% of U.S. producers who took part in a recent survey said they expected input prices to rise by 30% over the next 12 months. FarmWise is also already working with thirty different farms to alleviate the rising production costs in the industry.
"We decided to invest in FarmWise because we believe that the technology the team has brought to market can unlock significant savings for producers in and beyond the vegetable market at a time when it's most needed," said Clay Mitchel, co-founder and managing director of Fall Line Capital.
With this new round of funding, FarmWise is accelerating its roadmap to release a vegetable weeding implement that sets a new standard of reliability and versatility in farm robotics, and cements FarmWise's position as the leading provider of robotics solutions for vegetable farmers. This new funding will allow the company to serve many more farmers within the vegetable industry and start adding capabilities for its technology to be used on row crops farms which are equally challenged by the dwindling resources.
About FarmWise
For vegetable farmers who face increased growing costs and new regulatory pressures, FarmWise builds innovative systems to streamline farm operations and increase food production efficiency. FarmWise's first product is an automated mechanical weeder powered by AI and robotics, named Titan. It detects the crops from the weeds and uproots the latter with centimeter precision without using any chemicals. To learn more, please visit https://farmwiselabs.com/.
About Fall Line Capital
Fall Line Capital is a private equity firm uniquely focused on investments in U.S. farmland, active management of farmland, and AgTech startups that are strategic to its landholdings. Fall Line seeks to address the long-term supply and demand imbalance in agricultural commodities by combining the best of precision farming techniques with agronomy and the latest in new technologies to change the fundamental productivity and value of farmland. Fall Line's AgTech investments include Benson Hill, Greenlight Biosciences, Granular (acquired by DuPont/Pioneer), and Planet, among others.
About Middleland Capital
Middleland Capital is a private investment firm focused on global opportunities in the food and agricultural technology sectors. Leveraging a unique breadth of geographic and industry experience, the firm seeks long-term partnerships with exceptional management teams to commercialize innovative technologies, accelerate growth and build long-term value.
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SOURCE FarmWise | https://www.wibw.com/prnewswire/2022/06/01/farmwise-raises-45m-series-b-expand-ai-powered-farm-equipment-us-farms/ | 2022-06-01T12:48:18Z |
NEW YORK, May 25, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ironnet, Inc..
Shareholders who purchased shares of IRNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: September 15, 2021 to December 15, 2021
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company had materially overstated its business and financial prospects; (ii) the Company was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly- issued FY 2022 financial guidance; (iii) the Company had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (iv) as a result, the Company's public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times.
DEADLINE: June 21, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ironnet-inc-loss-submission-form/?id=27642&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IRNT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 21, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
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Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/05/25/shareholder-alert-gross-law-firm-notifies-shareholders-ironnet-inc-class-action-lawsuit-lead-plaintiff-deadline-june-21-2022-nyse-irnt/ | 2022-05-25T11:37:55Z |
Haun Ventures leads Furqan Rydhan and Steven Barlett co-founded thirdweb's funding round with participation from Coinbase Ventures, and Shopify
SAN FRANCISCO, Aug. 25, 2022 /PRNewswire/ -- thirdweb, the groundbreaking technology platform for building NFT and Web3 apps, today announced it has closed $24 million in Series A funding at a $160 million valuation. The round was led by Haun Ventures, with participation from Coinbase Ventures, Shopify, Protocol Labs, Polygon, Shrug VC, Joseph Lacob and others. thirdweb will use the funding to accelerate platform development to meet increasing demand, add support for additional blockchains, onboard hundreds of thousands of developers, and ultimately bring Web3's inevitable future one step closer to mainstream adoption.
"Web3 is the most important technological shift I've witnessed in my lifetime. We built thirdweb to give the builders that are creating this next iteration of the internet the tools they need to be successful, and when they are successful, the world as we know it will be remarkably different - remarkably better. I don't think anybody quite realizes how much Web3 is going to change the world," said Steven Bartlett, co-founder of thirdweb.
Founded in 2021 by Furqan Rydhan and Steven Bartlett with a seed funding round of $5 million, from 20+ industry entrepreneurs like Gary Vaynerchuck and Mark Cuban. thirdweb is building the infrastructure layer for Web3. thirdweb gives developers a full stack Web3 development kit to significantly reduce the time and cost required to build and launch applications. thirdweb facilitates the creation of Web3 apps across the most-popular blockchains, including blockchain games, NFT drops, DAOs, token gated membership clubs and more.
"I backed thirdweb because I believe they have the talent, tenacity and vision to create the infrastructure layer for Web3. Web3 is going to revolutionize multiple industries - thirdweb's platform will enable that revolution," said Gary Vaynerchuk, founder and CEO of Vayner/RSE who previously backed thirdweb.
In just nine months, over 55,000 developers have used thirdweb's tools to build NFT drops and other Web3 applications. Over 150,000 smart contracts have been deployed across many blockchains, and thirdweb projects generate millions of dollars of revenue every week.
"I've built internet companies in dot-com, Web2, mobile and I'm seeing the same patterns in Web3 which suggest this is going to transform the internet as we know it. thirdweb is building the infrastructure layer for Web3, giving builders the tools to unlock the power of blockchain technology and accelerating them as they build the next world-changing companies. We're excited to expand our vision further and onboard the next 10 million developers onto Web3," said Furqan Rydan, founder of thirdweb.
Our mission is to accelerate the next generation of the internet and we believe thirdweb will play a critical role in realizing that. As complexity to develop in Web3 continues to increase, the experienced team at thirdweb led by Furqan and Steven have built an elegant solution that allows developers to build fast while avoiding costly mistakes. I'm pleased to see proven founders of this caliber dedicating their next chapter to crypto and look forward to supporting their efforts" — Katie Haun, founder and CEO of Haun Ventures
Global brands like Fnatic, Boohoo and New York Fashion Week are using thirdweb to power their Web3 launches. thirdweb also recently announced a partnership with Coinbase's NFT marketplace to provide the technical infrastructure for their artist's NFT drops.
thirdweb is a platform that provides a suite of tools for creators, artists, and developers to easily build, launch and manage a Web3 project. thirdweb enables users to build NFT drops, digital marketplaces, DAOs, blockchain games and more. thirdweb's intuitive, robust and open source software is created by the world's best engineers, developers and marketers.
Born in Botswana and raised in Plymouth, UK, Steven Bartlett founded social media marketing agency Social Chain from a bedroom in Manchester. This university dropout built what would become one of the world's most influential Social media (Web 2) companies when he was just 21 years old and took his company public at 27. Social Chain reached a public market valuation of over $600 million with offices in London, Manchester, Berlin, New York, Los Angeles, before he stepped down as CEO in 2019.
Bartlett acts as a serial entrepreneur, speaker, investor, author, and content creator. He's released a Sunday Times bestselling book, hosts one of Europe's most downloaded podcasts The Diary of a CEO and Bartlett has made history as the youngest ever Dragon on BBC 1's Dragon's Den, representing a new generation of entrepreneurs from disadvantaged and under-represented backgrounds.
Based in San Francisco, Furqan Rydhan is a serial entrepreneur who started working at a dot-com at 15, built a multi-million dollar ecommerce company at 17 and has spent the last couple of decades building software & hardware companies; he was the founding CTO of Bebo.
Rydhan was also CTO and co-founder of AppLovin which provided developers with powerful solutions to grow and market their mobile apps. The company was founded in 2010, continued to flourish and went public on April 15, 2021 with a staggering market capitalization value of $28.6bn, making it one of the biggest debuts of the year.
Rydhan's most recent venture is Founders Inc, which involves empowering technology entrepreneurs focused on building emerging technologies. Rydhan and his team incubated thirdweb at Founders, Inc a year ago.
MEDIA CONTACT: thirdweb@dittopr.co
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SOURCE thirdweb | https://www.kxii.com/prnewswire/2022/08/25/web3-developer-platform-thirdweb-raises-24-million-series-round-with-160-million-valuation-accelerate-platform-development/ | 2022-08-25T17:34:06Z |
When it comes to shark attacks, Florida typically tops global charts. But recently, New York has been making headlines for a spate of dangerous encounters that have rattled New Yorkers and triggered beach closures.
Before 2022, there were only 12 recorded unprovoked bites in New York's history, including four from the past decade, according to the International Shark Attack File at the Florida Museum of Natural History. But this month, there were five non-fatal shark attacks in Long Island within just two weeks.
While the area is seeing an increase in bites, it does not yet constitute a trend, according to researchers from the International Shark Attack File.
The odds of getting fatally attacked by a shark remain less than 1 in 4 million, according to the International Shark Attack File.
Still, experts say that a combination of conservation efforts and climate change may have something to do with the increase in attacks in New York.
Robert Hueter, chief scientist at shark data organization OCEARCH, tells CNN that he believes conservation success is the main factor contributing to the recent cluster of shark bites.
Conservation efforts have brought back the "once overfished" bait fish that sharks feed on, Hueter says.
"When those schools make their way in towards the beach, sharks come with them," he said.
Humans essentially got used to seeing a depleted shark population over the past few decades, Hueter says.
"The sharks have always been there to some extent, but their numbers have been much lower than they are right now because of overfishing over the last 30-40 years," he said. "Through concerted fisheries management effort and fishery efforts, sharks are rebuilt, so numbers are going back up."
Additionally, sharks may be moving north as climate change and rising sea temperatures push their prey north in search of cooler waters. Climate change "plays a role, but is not the biggest driver at the moment" of shark bites, Hueter says.
Sweltering hot temperatures this summer means more people -- and sharks -- at the beach.
"The country is warmer than it's ever been. And that's going to drive more people to the water than ever before, which just simply increases your probability of somebody getting accidentally bit," said Christopher Lowe, director of the Shark Lab at California State University Long Beach.
And beach season for New Yorkers coincides with the time when most shark species head north for cooler water.
"Most of these migratory animals will be approaching, if not at, the northernmost part of their range," Hueter said. "It's also a time when young sharks that were born in the spring or early summer are fairly abundant in coastal waters, in places like New York."
Where are shark attacks happening and are they increasing?
While there has been a steady rise in global shark attacks in the last 30 years, the numbers appear to be leveling off.
Last year, there were 73 confirmed unprovoked shark attack cases worldwide, including 47 in the United States, which has the most documented unprovoked bites in the world, according to the International Shark Attack File.
While the numbers represent an increase from 2020, when fewer people went to the beach amid the pandemic, they are still on par with the most recent five-year average of 72 incidents annually.
And the world is on track for another "very normal shark-bite year," with about 70 to 80 unprovoked attacks expected, according to Gavin Naylor, director of the Florida Program for Shark Research at the Florida Museum of Natural History.
The majority of documented shark attacks in the US happen in Florida.
In 2021, there were 28 documented bites in Florida, followed by six in Hawaii, three in California, four in South Carolina, three in North Carolina, two in Georgia and one in Maryland.
Most of the bites in Florida occur on the state's Atlantic coast. Hueter attributes this to the proximity of the Gulf stream to the shore, significant waves, congestion of surfers and swimmers and the large schools of sharks in the area.
"There are enormous aggregations of animals dashing around the surf at times," Hueter said. "When people are in the water, all pushed up close to shore. That's when bites occur."
By comparison, on Florida's Gulf coast, sharks have lots more territory to "spread out" and there are fewer human-shark encounters, Hueter says.
The West coast has seen nearly 100 attacks in the last 30 years.
Why do sharks attack?
Many attacks are "cases of mistaken identity," occurring under conditions of poor water visibility, according to the Florida Museum of Natural History.
"People are bitten but rarely consumed, and that tells us that we are not on the shark's menu," Lowe said.
Hueter says that many of these bites occur when humans are swimming in or near large schools of prey fish. Small sharks feeding on the schools of fish will "test bite" a person's hand or foot but usually quickly let go.
"Those incidents are truly bites, not attacks where the animal is trying to do mortal harm," Hueter said.
Additionally, sharks may bite because they feel threatened and are just trying to defend themselves.
"If you get in their way, or they're swimming through, because they're moving fast, the defensive reaction on their part is to bite," Hueter said. "Especially something that's bigger than them."
While "shark attack" may summon up images of the massive great white shark from "Jaws," Hueter points out that there are hundreds of species of shark, "all totally different from each other."
"Most of these are relatively small," he said.
In the waters off New York, many previous bites involved juvenile sand tiger sharks. There is a nursery for sand tiger sharks located off Fire Island along the southern shore of Long Island.
"There's reason to believe juveniles are more prone to bite, because they're less experienced and may feel more threatened because they're smaller," Hueter said. "Especially because the bites off Long Island have not been particularly severe, it indicates that it's a smaller animal."
To avoid shark bites, beachgoers should avoid swimming between dusk and dawn, swimming where people are fishing, swimming alone, and swimming around large schools of fish, Hueter says.
Hueter says that as our oceans become healthier, beachgoers may have to adjust to more sharks in the water.
"It's just a matter of education, us adapting to the ocean going back to the way it should be -- becoming wild again," he said.
"The fact is that the ocean we've been enjoying for the last 30 years or so has not been in the healthiest state," Hueter said. "That's what people know -- what they've grown up with, so they think that's the way it should be."
"Go back to the 1950s, 1960s, you find the fishing was better, sharks were better, more birds, everything," he said. "That's what we want to go back to: a healthy, balanced ecosystem."
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New 'United Against Flu' campaign to educate people about the flu, encourage vaccination
CHICAGO, Sept. 6, 2022 /PRNewswire/ -- September officially kicks off influenza (flu) season in the U.S., and it is time for all eligible Americans to get their annual flu shot. To help educate adults who are at high risk for flu complications and increase vaccination rates, today the American Lung Association launched a new campaign, "United Against Flu."
Flu is a serious and highly contagious respiratory illness. While anyone can get the flu, certain people are at increased risk for developing serious complications, including those living with chronic medical conditions including chronic lung disease, chronic heart disease and diabetes. Racial and ethnic groups also may be at higher risk for developing serious illness. In fact, from 10 flu seasons beginning in 2009, Black Americans had a 1.8 times greater rate of flu hospitalization, and Latino Americans had a 1.2 times greater rate of flu hospitalization compared to white Americans.
"In past flu seasons, nine out of 10 adults hospitalized with the flu had at least one underlying medical condition. In fact, in the 2021-22 flu season, more than 30% of flu related hospitalizations were among adults with chronic lung disease," said American Lung Association President and CEO Harold Wimmer. "This is why it is important for everyone to get their annual flu shot. Getting a flu vaccine is important to protect yourself, your family and your community from the flu."
Flu vaccination is the best way to help protect against flu and severe illness from the virus. The flu shot is recommended annually in September or October for everyone six months of age and older, although it is not too late to vaccinate throughout the flu season. Over the course of more than 50 years, millions of Americans have safely received flu shots.
Through the "United Against Flu" Campaign, the American Lung Association has partnered with Sanofi to educate Americans about the flu and steps they can take to protect themselves from severe flu illness. Learn more at Lung.org/prevent-flu.
The American Lung Association is the leading organization working to save lives by improving lung health and preventing lung disease through education, advocacy and research. The work of the American Lung Association is focused on four strategic imperatives: to defeat lung cancer; to champion clean air for all; to improve the quality of life for those with lung disease and their families; and to create a tobacco-free future. For more information about the American Lung Association, which has a 4-star rating from Charity Navigator and is a Gold-Level GuideStar Member, or to support the work it does, call 1-800-LUNGUSA (1-800-586-4872) or visit: Lung.org.
American Lung Association • 55 W. Wacker Drive, Suite 1150 • Chicago, IL 60601
1331 Pennsylvania Ave. NW, Ste. 1425 North • Washington, D.C. 20004
1-800-LUNGUSA (1-800-586-4872) Lung.org
CONTACT: Jill Dale | American Lung Association
P: 312-940-7001 C:720-438-8289 E: Jill.Dale@Lung.org
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SOURCE American Lung Association | https://www.mysuncoast.com/prnewswire/2022/09/06/its-time-get-your-flu-shot-what-you-need-know-about-2022-2023-flu-season/ | 2022-09-06T11:33:42Z |
NEW YORK, June 10, 2022 /PRNewswire/ -- Warner Bros. Discovery (Nasdaq: WBD) today announced that Chief U.S. Advertising Sales Officer Jon Steinlauf will present at the Credit Suisse 24th Annual Communications Conference on Wednesday, June 15, 2022 at 12:25 p.m. ET.
A link to the live webcast of the presentation will be available in the "Investor Relations" section of Warner Bros. Discovery's website at https://ir.wbd.com/. An on-demand replay of the webcast will be available on the Company's Investor Relations website shortly after the conclusion of the presentation.
Warner Bros. Discovery (Nasdaq: WBD) is a leading global media and entertainment company that creates and distributes the world's most differentiated and complete portfolio of content and brands across television, film and streaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, discovery+, CNN, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, Warner Bros. Television, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. For more information, please visit www.wbd.com.
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SOURCE Warner Bros. Discovery, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/10/warner-bros-discovery-chief-us-advertising-sales-officer-jon-steinlauf-present-credit-suisses-24th-annual-communications-conference/ | 2022-06-10T13:07:01Z |
Shanghai Cooperation Organisation Modern Agricultural Exchange Center
XIANYANG, China, June 22, 2022 /PRNewswire/ -- A report from CRI Online:
On June 15, 2022, "Hi SCO, This is Yangling" - 2022 Online Promotion for SCO Demonstration Base for Agricultural Technology Exchange and Training was held in Yangling, China.
This year is the third year since President Xi Jinping proposed the initiative of setting up the SCO Demonstration Base for Agricultural Technology Training and Exchange (hereinafter referred to as the "SCO Agricultural Base"). Over the past three years, Yangling has grounded its efforts in its core functional positioning of "exchange, training and demonstration" to explore new exchange and training models and mechanisms in the field of agriculture. Moreover, it has strived to build up a multi-layered international cooperation platform that integrates a wide range of fields, including technology exchange, talent training, demonstration and promotion of best practices, international trade, cross-border e-commerce, financial services and people-to-people exchanges, depicting a new blueprint for international agricultural cooperation, which "focuses on China, reaches out to SCO member states, links neighboring countries and benefits the world".
In the past three years, Yangling has successfully held over 20 bilateral and multilateral exchange events, established 16 SCO agricultural technology training bases, and put in place 13 international scientific research and innovation cooperation platforms and eight international cooperation parks, with 73 batches of 194 experts having been sent to this district. Moreover, the improved wheat varieties and the supporting cultivation techniques selected by the demonstration parks have been translated into about 16,667 hectares (250,000 mu) of overseas demonstration fields. Meanwhile, Yangling is committed to reaching partnership with other countries in multiple fields, like facility agriculture, water-saving irrigation, the planting of flowers and seedlings, and animal husbandry technology and management. With the SCO Agricultural Base as a platform, the agricultural technologies of Yangling have been adopted by and have resulted in good harvests in SCO-related countries.
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SOURCE CRI Online | https://www.mysuncoast.com/prnewswire/2022/06/22/chinas-yangling-lets-flowers-agricultural-technology-blossom-fields-sco-depicts-new-blueprint-international-agricultural-cooperation/ | 2022-06-22T12:23:00Z |
Kate Moss denies Depp ever pushed her down staircase
FALLS CHURCH, Va. (AP) — Supermodel Kate Moss, a former girlfriend of Johnny Depp, denied Wednesday that she had ever been pushed or assaulted by Depp during the course of their relationship.
Moss testified as a rebuttal witness in Depp’s libel lawsuit against ex-wife Amber Heard.
Heard, in her testimony, made a passing reference to Moss and a rumor that Depp had pushed Moss down a set of stairs when they dated. Heard referenced Moss as she described a fight in which she admitted hitting Depp on a staircase because she said Depp was charging at Heard’s sister, Whitney.
Moss, in testimony provided by video link, said Depp never assaulted her. She said she did once slip down a flight of stairs after a rainstorm as a Jamaican resort, and that Depp came to her aid.
She testified for less than 5 minutes and was not cross-examined.
Depp is suing Heard for libel in Fairfax County Circuit Court over a December 2018 op-ed she wrote in The Washington Post describing herself as “a public figure representing domestic abuse.” His lawyers say he was defamed by the article even though it never mentioned his name.
Depp has denied he ever struck Heard, and says she was the abuser in the relationship. Heard has testified about more than a dozen separate instances of physical abuse she says she suffered at Depp’s hands.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/25/kate-moss-denies-depp-ever-pushed-her-down-staircase/ | 2022-05-25T14:36:54Z |
The Healthcare and Insurance startup plans to use the funds to scale their unique health assurance delivery model to millions of people in India
PUNE, India, April 20, 2022 /PRNewswire/ -- Loop, an Indian healthcare and insurance startup has raised $25 Million in a Series B round co-led by General Catalyst and Elevation Capital, with significant participation from leading Silicon Valley investor - Vinod Khosla and Khosla Ventures, as well as a new investor, Optum Ventures. Existing investor Sierra Ventures also participated. This round comes just 6 months after Loop raised a $12M Series A round, bringing the total funds raised till date to $40 Million.
Loop has recorded tremendous growth in FY 2021-22, growing at a clip of 30% month-on-month. The company has seen a 5x revenue growth from the previous financial year. They now provide health insurance & benefits to 130K+ members at 300+ companies across India. Their corporate team has grown from 50 to 250 in this period.
Founded in 2018 by Mayank Kale, Ryan Singh, Amrit Singh, and Shami Raj, Loop aims to revolutionize the healthcare industry. Currently, the startup provides group health insurance plans from prominent insurers to companies, bundled with instant, unlimited primary care. Uniquely, they are the only insurance broker in the country with an in-house medical team.
Mayank Kale, Co-founder & CEO, Loop, said, "When we started Loop, it was to change how the healthcare system worked. We wanted it to be more preventive than reactive and bring insurers and doctors on the same side for once, so that we create a health assurance model that is incentivized to keep people healthy. Through our journey, we've also been able to bring back the concept of family doctors to India. This level of primary care helps people live a healthier life and catch diseases early."
As of April 2020, there is a federal mandate in India for employer health insurance and 65% of health insurance policies are booked by employers. The $10B health insurance market is growing at a 25% CAGR. This largely unpenetrated segment is mainly bought by company Human Resource managers from traditional offline brokers.
Commenting on the funding, Vinod Khosla, Founder, Khosla Ventures, said, "Care delivery in India has many pain points with conflicting incentives. Loop is changing the cost equation by allowing payers and providers to work together. Through its unique product and affordable pricing, Loop has a significant competitive advantage."
"Loop's healthcare-first mission aligns deeply with our thesis that an outcome-focused solution is needed to crack an age-old market that sells insurance as a commodity. Since we co-led the Series A, the team has demonstrated this in plenty, growing 3X in three quarters. The founders have built a stellar team across tech, product, and business that's looking to solve the hardest challenges in insurtech and healthtech," said Mayank Khanduja at Elevation Capital.
Loop's notable clients include Medline Industries, Knorr Bremse, WOM group, and SKF.
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SOURCE Loop | https://www.mysuncoast.com/prnewswire/2022/04/20/loop-raises-25m-series-b-aims-build-new-healthcare-model/ | 2022-04-20T16:40:18Z |
LOS ANGELES, May 31, 2022 /PRNewswire/ -- Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended March 31, 2022, which included:
- Same-Store 2022 vs 2021 GAAP Revenue and NOI was up +4.4% and +5.9%, respectively
- Executed 27 new leases totaling 85,000 square feet and 42 renewals totaling 302,000 square feet
- Achieved total leased percent of 95.5% vs 93.3% same quarter end 2021 (+220 bps)
- Achieved inline shop leased percent of 91.7% vs 87.9% same quarter end 2021 (+380 bps)
- Achieved total occupancy percent of 93.4% vs 91.5% same quarter end 2021 (+190 bps)
- Closed a 13 asset, $19.6M loan through a single tenant net lease JV, Hilgard STNL Fund, at 3.95% fixed for 10-years
- Swapped existing 5-year $40M term loan from floating to fixed at 3.45%
Mark Bratt, Chief Executive Officer, commented, "We began 2022 with another excellent quarter, achieving strong leasing and financing results, growing our NOI 5.9%. Our leasing team had another superb quarter as leasing demand remains robust. We closed a $19.6M loan through our Hilgard Single Tenant Net Lease Fund. The financing is critical for Hilgard's future success as we continue to expand this new fund." While rising interest rates caused concern for the real estate industry, Mr. Bratt stated that "Westwood is well insulated in this environment given that the vast majority of the Company's debt remains fixed at 4% over the next 4 years. Furthermore, we strategically swapped our $40M term loan from floating to fixed in early March which provided protection against rising rates."
Westwood stayed active on transactions, closing two centers for $38M in the first quarter (one Publix anchored center in Macon, and one Lidl anchored center in Atlanta). Additionally, the Company closed two single tenant net lease properties for Hilgard (Tractor Supply, O'Reilly) and put another three properties under contract.
Mr. Bratt continued, "Despite macro-economic pressures, Westwood's grocery-anchored portfolio remains resilient. It is notable that e-commerce penetration rate on all retail sales peaked at 16.4% in 2Q20 and has since declined to 14.3% in 1Q22 as brick-and-mortar sales growth has surprisingly exceeded online sales growth for the past four quarters."
About Westwood Financial
Westwood Financial owns / manages and operates over 119 high-quality shopping centers located in top U.S. metropolitan markets including Atlanta, Charlotte, Dallas, Denver, Jacksonville, Los Angeles, Orlando, Phoenix, and Raleigh. The centers are primarily anchored by top-tier grocers as well as leading service and experiential-based operators. Established in 1970, Westwood Financial is headquartered in Los Angeles, with regional offices in Dallas, Atlanta, and Scottsdale. More information is available at www.westfin.com.
Contact:
Miki Antunovich
Vice President – Investor Relations, Tax, Treasury
mantunovich@westfin.com
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SOURCE Westwood Financial | https://www.wibw.com/prnewswire/2022/05/31/westwood-financial-announces-first-quarter-2022-results/ | 2022-05-31T20:01:05Z |
Which horse shower curtain is best?
Most shower curtains use plain colors or simple designs. Horse shower curtains, however, do not. They are available in a huge range of designs and art styles to best fit any horse lover’s style. There are simple images of a whole horse or from the neck up, complex western-like scenes and splashy artistic takes. No matter what, there is a design you’ll love. One of the best is the Lovedomi Andalusian Horse Portrait Bathroom Shower Curtain because it features both horse iconography and a neutral design.
What to know before you buy a horse shower curtain
Hanging
There are two aspects to hanging: the hooks and the holes.
- Hooks: Hooks come in a few materials, though it’s typically plastic or metal. Both materials have their pros and cons. For example, metal hooks tend to be more durable but can bend if too thin. Conversely, you’ll never need to worry about plastic hooks rusting, but they can snap under too much pressure. They also come in many shapes, though it rarely has much impact.
- Holes: The best shower curtains have metal grommet-supported holes for the hooks to loop into. The others simply cut a hole in the material, which quickly tears if any pressure is placed on the curtain.
What’s included
Many horse shower curtains include more than just the curtain. The most common inclusion is a set of hanging hooks, though they’re usually just plastic. Others include a liner in a matching size. There are also full bathroom sets available that include the curtain, some bath mats and even a toilet seat cover.
What to look for in a quality horse shower curtain
Design matching
There’s more to picking a quality design than just picking the one you like the most. You also need to consider how it fits in your bathroom. For example, if you buy a neon pink horse shower curtain but your bathroom is mainly turquoise, there’s going to be a harsh, garish color clash. If you pick a turquoise horse design, it will blend and won’t stand out as the centerpiece it should be.
Billow prevention
As the air temperature in your bathroom changes, it causes your shower curtain to billow. This can cause the curtain to rub against you and send water to places it shouldn’t be going. As such, some shower curtains use weights to eliminate movement. Alternatively, some curtains feature magnets or suction cups that directly attach to your bathtub or the lip of your stall.
How much you can expect to spend on a horse shower curtain
Thanks to the design, most horse shower curtains cost more than the average plain curtain at $15-$30. Some horse curtains are bundled with other bathroom gear and cost about $50.
Horse shower curtain FAQ
Do I really need a shower curtain liner?
A. Most of the time, yes. Shower curtains use materials that are designed to resist water but aren’t designed to be completely waterproof. That said, some horse shower curtains do use a material that’s similar to what’s used for liners. In these cases, you won’t need one. These curtains will often clearly state that no liner is necessary. If it isn’t made clear, play it safe and use a liner.
Does a shower curtain liner have to be the same size as the horse shower curtain?
A. Technically, no. As long as the liner completely covers your horse shower curtain, you should be fine. That said, a giant translucent sleeve that’s bigger than your curtain will certainly not look good.
Can I alter a horse shower curtain?
A. Absolutely. In fact, it’s common to alter a shower curtain slightly so that it perfectly fits your bathroom setup. However, you’ll need some minor sewing skills. Cutting your curtain to fit without mending the edges can lead to the curtain unraveling or an overall choppy look. You also need to be careful not to drastically alter the horse design.
What’s the best horse shower curtain to buy?
Top horse shower curtain
Lovedomi Andalusian Horse Portrait Bathroom Shower Curtain
What you need to know: The horse is beautiful, and the all-white color fits in any bathroom.
What you’ll love: It is 72 inches by 72 inches, uses metal grommets and includes a set of 12 plastic hanging hooks. It is made of waterproof and machine-washable polyester fiber and doesn’t require a liner. It has a smooth texture that promotes the beading of water to prevent becoming soaked.
What you should consider: The manufacturer warns that the colors of the curtain look different in person.
Where to buy: Sold by Amazon
Top horse shower curtain for the money
Jawo Watercolor Ink Horse Shower Curtain
What you need to know: This watercolor-like horse design is perfect for the artistic soul.
What you’ll love: It’s available in six sizes, all of which include a set of standard shower curtain hooks supported by metal grommets. It is made of soft polyester that drapes easily. You can throw this shower curtain in the washing machine and iron it. The design is splashy without being overpowering.
What you should consider: The shower curtain colors in the online image may be slightly different than the colors you see offline. You also need to use a shower curtain liner with it.
Where to buy: Sold by Amazon
Worth checking out
Slenyu Four-Piece Horse Shower Curtain and Bath Mat Set
What you need to know: True horse enthusiasts will love this complete bathroom set.
What you’ll love: The set includes a 70-by-70-inch shower curtain, 12 C-shaped hanging hooks, a shower mat, a toilet mat and a toilet seat cover — all with an identical horse print design. Each piece is made of soft and waterproof polyester.
What you should consider: The hanging holes on the shower curtain are only slits in the polyester. Each piece using the same image can be overpowering in small spaces.
Where to buy: Sold by Amazon
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Jordan C. Woika writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/bed-bath-br/shower-accessories-br/best-horse-shower-curtain/ | 2022-04-21T21:55:43Z |
SANTA CLARA, Calif., June 15, 2022 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced it was named among this year's Best Small and Medium Workplaces in the Bay Area by Great Place to Work and Fortune Magazine. Couchbase placed 72nd in this prestigious list, which is based on employee feedback collected through America's largest ongoing annual workforce study of over one million employee survey responses. In the survey, 93% of Couchbase employees said it is a great place to work, compared to an average of 57% at a typical U.S. company.
"This recognition validates how Team Couchbase both creates value and in turn is valued, no matter what comes our way," said Matt Cain, president and CEO of Couchbase. "I'm proud of our team for living our values to make tomorrow better than today for customers, partners and each other. I believe this will be a landmark year for Couchbase and look forward to continually growing our organization globally while sustaining our world class culture."
The Best Workplaces in the Bay Area list is highly competitive. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies are only considered if they are a Great Place to Work-Certified™ organization headquartered in the Bay Area.
Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
"As employee demands and expectations have dramatically changed over the past year, these companies have risen to the occasion—and it's not been easy," says Kim Peters, executive vice president of global recognition, research & strategic partnerships at Great Place to Work. "Their hard work and dedication to listen to and care for the well-being of every employee, and support them in a way that's meaningful to all, is the standard all organizations will be held to."
Couchbase is currently hiring globally. For more information about career opportunities, please visit https://www.couchbase.com/careers.
About Couchbase
At Couchbase, we believe data is at the heart of the enterprise. We empower developers and architects to build, deploy, and run their most mission-critical applications. Couchbase delivers a high-performance, flexible, and scalable modern database that runs across the data center and any cloud. Many of the world's largest enterprises rely on Couchbase to power the core applications their businesses depend on. For more information, visit www.couchbase.com.
About the Best Workplaces in the Bay Area™
Great Place to Work selected the Best Workplaces in the Bay Area by gathering and analyzing confidential survey responses from its study of thousands of companies representing more than 6.1 million U.S. employees at Great Place to Work-Certified™ organizations. Companies must be headquartered in the Bay Area to be eligible. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Read the full methodology.
About Great Place to Work®
Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
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SOURCE Couchbase | https://www.kxii.com/prnewswire/2022/06/15/couchbase-named-one-best-workplaces-bay-area-2022-by-great-place-work-fortune-magazine/ | 2022-06-15T17:45:01Z |
Bam Adebayo’s late dunk lifts Heat over Hawks, 113-109
MIAMI (AP) — Bam Adebayo made the go-ahead dunk with 27 seconds remaining and scored 24 points in the Miami Heat’s 113-109 comeback victory over the Atlanta Hawks on Friday night. Jimmy Butler added 20 points, Kyle Lowry finished with 16 points and Tyler Herro had 15 for the Heat. They finished on a 10-2 run. Danilo Galinari’s 3-point attempt for Atlanta with nine seconds left bounced off the rim and Herro’s two free throws secured the victory. Trae Young scored 35 points for Atlanta. | https://localnews8.com/sports/ap-national-sports/2022/04/08/bam-adebayos-late-dunk-lifts-heat-over-hawks-113-109/ | 2022-04-09T05:35:17Z |
BROOKLYN, N.Y., Sept. 9, 2022 /PRNewswire/ -- Announcing the largest list of product updates since its initial launch more than ten years ago, the easy-to-use, free reading tool created by ReadWorks has expanded at this crucial time for teachers and students. With more than 5,500 texts and accompanying curricular supports as well as strategic and thoughtful technical updates, it is clear that the ReadWorks online application has transformed, with ease of teacher use at the forefront. ReadWorks' mission to help improve the reading crisis across America is more important than ever, according to recent research on the impact of students' learning opportunities due to the Covid-19 pandemic. Based on teacher input, the new features will continue to support teachers' integration of reading activities across all levels of capability for Kindergarten through 12th grade. As online learning transitions even more from remote learning back to in-person instruction this school year, ReadWorks is excited to announce these new features for the more than one million teachers already logged into the ReadWorks platform and the many new users logging on during this busy back-to-school season.
"We gather feedback from teachers all year long to then focus our back-to-school improvements and tool enhancements on the key ideas that will help them even more easily use ReadWorks to deepen their reading instruction," said ReadWorks' Chief Academic Officer Susanne Nobles
Exciting New Content Features:
- Connected with the Clever library
- Book Studies
- Hundreds of searchable texts with diverse characters
- Enhanced Scope and Sequences and Reading Mindset Snapshot
Exciting New Help Features:
- A professionalized help center
- In-the-moment training
- Substantial conformance to the latest Web Content Accessibility Guidelines (WCAG) 2.1 standards.
About ReadWorks
Our mission is to ensure that all children become successful, joyful readers. We work to bridge the gap between research and practice in reading instruction. There are many ways to easily integrate ReadWorks into teacher instruction for Kindergarten through 12th grade -- by book, topic, decoding, vocabulary, and core curriculum!
Sign up for your free ReadWorks account to start accessing these new and updated reading instruction resources today.
For more information about ReadWorks
Press Contact: Melissa Calder, Director of Marketing and Engagement, melissa@readworks.org
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SOURCE ReadWorks | https://www.wibw.com/prnewswire/2022/09/09/readworks-rolls-out-back-to-school-features-making-it-easier-teachers-integrate-online-reading-tools-into-every-classroom/ | 2022-09-09T20:42:11Z |
GUELPH, ON, Aug. 1, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has continued from the corporate jurisdiction under the laws of the province of British Columbia to the corporate jurisdiction under the laws of the province of Ontario pursuant to the Business Corporations Act (Ontario) as of July 29, 2022 (the "Continuance"). The Continuance was approved by a special resolution of shareholders at the Company's annual and special meeting held on June 22, 2022.
No action will be required by existing shareholders with respect to the Continuance.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 21 years, Canadian Solar has successfully delivered around 71 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.6 GWp in over 20 countries across the world. Currently, the Company has around 800 MWp of solar projects in operation, 5.3 GWp of projects under construction or in backlog (late-stage), and an additional 18.5 GWp of projects in pipeline (mid- to early-stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and India; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
Canadian Solar Inc. Investor Relations Contacts
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SOURCE Canadian Solar Inc. | https://www.kxii.com/prnewswire/2022/08/01/canadian-solar-inc-completes-its-continuance-jurisdiction-british-columbia-jurisdiction-ontario/ | 2022-08-01T11:25:27Z |
West Virginia Department of Tourism welcomes whitewater rafters from around the world just as fall colors arrive
SUMMERSVILLE, W.Va., Aug. 30, 2022 /PRNewswire/ -- For a limited-time only, America's newest national park will offer whitewater rafters from around the globe an opportunity to take on some of the world's top whitewater runs in a picturesque fall backdrop that is practically heaven-sent. Each fall, more than 40,000 people flock to the New River Gorge National Park and Preserve to experience this once-in-a-lifetime thrill during the six-week period also known as Gauley Season.
Each year, controlled releases from the Summersville Dam are scheduled for six weeks beginning after Labor Day, releasing 44 million gallons of water into the Gauley River at a rate of 50+ mph, creating premier whitewater rafting conditions. That volume is enough to fill one Olympic-size pool every 10 seconds. This year's releases begin the weekend of September 9th and are scheduled to run until the weekend of October 15th.
Tom Abram, of Bloomington, IN has been rafting on the Gauley River for more than three decades. In 1986, Tom was itching for an adrenaline rush and asked his friend to go skydiving with him. When his friend denied the invitation, they decided to take to the whitewater in West Virginia instead and he's come back to raft on the Gauley River every year since then. Today, Tom not only brings his wife along for the adventure, but also his children and grandchildren. It's become a family affair.
"I look forward to Gauley Season all year long," said Abram. "When I planned my rafting trip in 1986, I never imagined I'd keep coming back year after year, but there's something so exhilarating about it."
The Upper, Middle and Lower Gauley River make approximately 25 miles of world-class whitewater. The Upper Gauley is best for those looking for more of an intense, pulse pumping adventure. Here you will find legendary Big 5 Rapids–– Insignificant, Pillow Rock, Lost Paddle, Iron Ring and Sweets Falls. This section is steep, fast and technical, rightfully earning its nickname: the Beast of the East.
The Middle Gauley provides a nice, calm reprieve between the Upper and Lower sections and is a great litmus test to decide if you are ready for the Lower. While not as steep and challenging as the Upper, the Lower Gauley holds its own as a high-quality section of whitewater.
The Lower Gauley really shines with its scenic cliff lines at Canyon Doors and Junkyard. Rapids like Upper Mash and Lower Mash will get your blood pumping.
Randy Ebersole, of Mechanicsburg, Pennsylvania began his whitewater rafting hobby in 1978 and took his first trip down the Upper Gauley River in 1989 when one of his rafting guides recommended it. From then on, he started organizing large groups of friends, with 30-45 people to join in on the excitement.
"After my first Gauley Season, I thought to myself, okay, that was fun, I've done it. I can check it off the list," Ebersole said. "But that quickly turned into planning another trip for the following year. 34 years later, we're still coming back. Each time the group looks a little different, we return with some of the same folks, and bring newbies along too."
Gauley Season is welcoming to all walks of life. One trip Ebersole organized had a 26 year old and 72 year old present. He's had friends join from all over the country, from states such as Florida, Washington, Texas and New Jersey, to name a few.
"One of the craziest things about Gauley Season is the controlled unpredictability of it all," Ebersole stated. "It's "controlled" because of the seasoned guides. But even those guides will admit that they don't always know what will happen on the river. It's what keeps me coming back. And I'm looking forward to returning to my home away from home, West Virginia, in September."
Gauley Season 2022 will include 22 scheduled water releases, with an extra hour of release scheduled for Sept. 17th-19th. Many rafting companies are offering exclusive deals in honor of Gauley Season. Plan your rafting excursion today at WVtourism.com.
- The Summersville Dam is the second largest dam of its kind in the United States. The water releases drop 44 million gallons of water into the Gauley River at a rate of 50+ mph, creating premier whitewater rafting conditions. That volume is enough to fill one Olympic-size pool every 10 seconds.
- With 2,023 miles of whitewater, West Virginia has the greatest density in the US.
- The first commercial rafting business in West Virginia was founded in 1968. Five decades later, rafting in the Mountain State has grown into a multimillion-dollar industry.
- Adventurers as young as 12 can ride the waves of the Gauley River with an experienced guide.
- "The Best 10 Seconds in Whitewater." That's how pros describe Pillow Rock, the 2nd in the Big 5 lineup.
- The final "Big 5" rapid, Sweet's Falls, is actually a 14-foot waterfall.
The New River National Park & Preserve is the country's 63rd and newest national park and is home to more than 70,000 acres of public lands, spanning across multiple counties. Traveler spending for the New River Gorge National Park was up 74% in the year following the national park designation.
Suddenly, West Virginia is one of the hottest tourism spots in the world, making the 2022 top-destinations lists of Condé Nast, TIME, USA Today, Lonely Planet, and Frommer's.
- Condé Nast Traveler, Best Places to Go in 2022
- TIME Magazine, TIME's 100 Greatest Places in the World for 2021
- Lonely Planet, Top 10 region to Travel in 2022
- Frommer's, Best Places to Go in the U.S. 2022
- USA Today, 10 best places to go with kids in 2022
Contact Information:
Lauren Hough
Public Relations Manager, West Virginia Department of Tourism
304-352-0513
Lauren.Hough@wv.gov
Grace Devine
Senior Account Executive, BVK
262-408-8577
grace.devine@bvk.com
View the Media Kit
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SOURCE The West Virginia Department of Tourism | https://www.kxii.com/prnewswire/2022/08/30/limited-time-only-nations-best-whitewater-rafting-countrys-newest-national-park/ | 2022-08-30T17:54:46Z |
City Council meeting sees storm-water assessment approved, police technology boost
Tuesday’s city council meeting was as busy as always, with councilmembers covering a wide range of topics ranging from storm-water infrastructure to police technology improvements and ethics committee appointments.
In the shining moment of the meeting, the nine members unanimously approved a resolution to fund a storm-water assessment and master plan — pushing the city toward much-needed infrastructure improvements.
“This is a starting point,” said Councilmember Marda Wallace, who has been “pushing for the plan” for a long time. “We have so many places that are flooding. This is a fabulous start. And I’m really excited to see it come to life.”
The assessment plan, presented by City Engineer Tom Wolf and Justin Avent of Gresham Smith, as well as Dusty Mays of Kimely-Horn, outlined a 12 to 18 month process that will see a thorough investigation of pipes, culverts, and drainage systems, along with flood plain and water inundation data over two sections of the city in east Jackson and the Bemis area.
A major portion of the study will be a comprehensive rating of the city’s existing storm-water infrastructure, which — until now — has never been studied.
The city as a whole has been suffering for years due to the unknown state of the storm-water infrastructure in the city, according to Mayor Scott Conger.
“We can talk about roads all day long,” Conger said, referencing the extensive paving project underway at across the city. “But the things underneath the roads, especially in the old areas of town, we don’t know what’s down there until it collapses. We want to be proactive and have a grading system so it doesn’t reach the point of collapse. And hopefully stop some flooding along the way.”
Once the study is complete, Conger says the data collected can be used to help reassess the entire city.
“We can look at what we need, what we need to address, and we can work out the kinks in a smaller area and scale it to the rest of the city,” he said.
The study will be funded through a mixture of American Rescue Plan funding and TDEC grants, costing the city only $932,000 as it receives $9.2 million.
More:American Rescue Plan funding finally inches forward
“This is going to be so thorough,” Wallace said. “They’re going to go through under the roads, they’re going to look at culverts, under pipes, they’re going to look at our watershed areas and see what’s not working anymore and what needs updating. This is truly going to help our infrastructure so much.”
Police see technology boost
Another notable improvement made at the June meeting was the unanimous passage of the resolution to allow the Jackson Police Department to contract the company Extra Duty Solutions to handle security requests.
Currently, Captain Robert Gambill of the JPD, as well as another officer, manage the system of allowing officers to work extra-duty by providing security at events throughout the city.
“This is going to be such a time saver,” Gambill said. “We manage this with a desktop and a phone right now. It’s about time we step up our technology and how we handle this.”
The contract will allow event organizers in the city to request the JPD’s service through Extra Duty Solutions, which will in turn relieve the JPD from having to manage vendor requests.
More:Pay raises for Jackson police, fire hope to address dire retention issues
Officers within the JPD can simply log on to the Extra Duty App and select the positions they want to staff.
“It’s going to be so great,” said JPD Chief Thom Corley. “It is so time consuming for staff to handle that. Every month we’re having to talk to vendors, sign up officers and do all these things. Now, basically (Extra Duty Solutions) will charge a fee to the companies that hire us to cover their costs — so nothing else changes for us. Our officers will still be able to do the same thing, it’ll just eliminate our officers from having to manage it.”
Ethics Committee appointments change
The appointees to the new Ethics Committee changed slightly from last week’s reporting and were unanimously approved at the city council meeting.
According to Conger, a mix-up in emails led to the confusion at last week’s agenda review meeting, where councilmembers expressed that they did not know where the list of appointees had come from, even though they were tasked with electing two of them.
“It was an email mix-up on my end,” Conger admitted at Tuesday’s meeting. “But it’s resolved now, and the council appointee’s were approved.”
Now serving on the board are: Mona Miller, Hunter Baker, Freeman McKindra, Carla Pollard, Joe Brasher, Daniele Hardee and Trunetta Atwater.
The wave of complaints spurred councilmembers to unanimously vote on second reading to replace sections 1-410 and 1-411 of the City Code of Ethics, which reduce the ease in which residents could previously make complaints, in an effort to enforce accountability.
Complaints against city employees will still go through the Ethical Advocate Portal, but complaints against elected officials will now go through the Ethics Committee — which will investigate the claims rather than present them immediately to the public.
Rules regarding how to file a complaint will change drastically as well. Previously, residents could anonymously fill out a complaint on the Ethical Advocate Portal. With the new changes enacted, complaints must be lodged with the Internal Auditor for the City of Jackson, who will then direct the questions and complaints to the Chairperson of the Ethics Committee.
Complaints will have to be handed in in-person, in writing, signed by the complainant, notarized, contain the complainant's legal name and mailing address and the names of those the complaint is against.
Document notarization does come at a fee.
Additionally, complaints against an elected official, or anyone running for election, will not be allowed “during the years in which the City holds municipal elections” — specifically, “from the last day on which a person may qualify as a candidate until after 11:59 p.m. of the following election day.”
These new rules are retroactively effective to Jan. 1, 2022, meaning they cover all five complaints currently filed against city council members.
Moving into budget season
As the weather heats up, so do money meetings among city officials, as the deadline for the next fiscal year’s budget looms closer.
Next Tuesday will see the first budget hearing for the year at city hall, and Conger believes the city is on a good, if detailed, track.
“I think one major difference in this year’s budget is that we’re working through our salary and compensation study, we’re trying to nail down time for our consultants to come meet with our department heads, because we want to have that process understood by everyone in the city,” he said. “If we can get that done before July, we can get that amended to the budget to the departments.”
Otherwise, Conger explains, the city is focusing on the same goal it has throughout his administration: pay down the debt.
“We’re utilizing our Georgia-Pacific land sale — we’re not borrowing any money,” he said. “We’re paying our debt down. So not a huge difference between this year and last year. We’re continuing to pay our debt down, we’re using the money that we have to pay for our capital and operating budget.
“We don’t want any more debt,” he said. “I think we’re on the right track.”
The special-called meeting will be conducted in city hall next Tuesday at 9 a.m.
Have a story to tell? Reach Angele Latham by email at alatham@gannett.com, by phone at 731-343-5212, or follow her on Twitter at @angele_latham. | https://www.jacksonsun.com/story/news/2022/06/08/jackson-tn-city-council-approves-storm-water-assessment-police-technology-boost/7532699001/ | 2022-06-09T07:35:06Z |
RADNOR, Pa., June 17, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Oscar Health, Inc. (Oscar) (NYSE: OSCR). The action charges Oscar with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Oscar's materially misleading statements to the public, Oscar investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR OSCAR LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/oscar-health-inc?utm_source=PR&utm_medium=link&utm_campaign=oscar_health&utm_campaign=oscr&mktm=r
TO VIEW OUR VIDEO, PLEASE CLICK HERE
LEAD PLAINTIFF DEADLINE: JULY 11, 2022
CLASS PERIOD: PURSUANT AND/OR TRACEABLE TO OSCAR'S MARCH 2021 IPO THROUGH MAY 12, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at info@ktmc.com
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
In March, 2021, Oscar conducted its IPO, selling 36,391,946 shares of Class A common stock at a price of $39.00 per share. Oscar received net proceeds of approximately $1.3 billion from the IPO.
On August 12, 2021, Oscar disclosed that its Medical Loss Ratio (MLR) for the second quarter of 2021 was 82.4%, an increase of 2170 basis points year-over year, claiming that the increase was primarily driven by meaningfully lower utilization in 2Q20 as a result of COVID-19, as well as higher COVID-19 testing and treatment costs. Oscar also disclosed that its net loss for the quarter was $73.1 million, an increase of $32.1 million year-over-year.
Then, on November 10, 2021, Oscar disclosed that its third quarter 2021 MLR increased 920 basis points year-over-year, to 99.7%. Oscar claimed, again, that the MLR increase was primarily driven by higher net COVID costs, as well as several other purported reasons. Oscar also disclosed that its net loss for the quarter was $212.7 million, an increase of $133.6 million year-over-year.
Following this news, Oscar's share price fell $4.05 per share, or 24.5%, to close at $12.47 per share on November 11, 2021. At the time of the filing of the complaint, Oscar stock has traded as low as $5.76 per share, a more than 85% decline from the $39.00 per share IPO price.
Oscar investors may, no later than July 11, 2022 seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Oscar investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
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SOURCE Kessler Topaz Meltzer & Check, LLP | https://www.kxii.com/prnewswire/2022/06/17/kessler-topaz-meltzer-amp-check-llp-reminds-oscar-health-inc-investors-important-deadline-securities-fraud-class-action-lawsuit-encourages-investors-with-substantial-losses-contact-firm/ | 2022-06-17T16:56:57Z |
The new NFT minting platform for high-tech on-chain art projects
NEW YORK, July 8, 2022 /PRNewswire/ -- The NFT minting platform Hypercube is pleased to announce its public launch with Chrysanthemum: The Heart-Centered Drop. Founded by tech entrepreneur Ryan Junee and a team of generative art enthusiasts in 2021, Hypercube is a minting platform for complex, on-chain art projects. Committed to innovation and inclusivity on the blockchain, the platform is excited to partner with artists venturing into the digital space from diverse backgrounds. Beyond the traditional "cube" of galleries and institutions, Hypercube bridges the gap between fine art and the rapidly evolving landscape of technologically-engaged art. The artists on Hypercube are pushing the boundaries of technology and pioneering a new genre of art, powered by the advanced infrastructure of the platform and its expert team.
For its inaugural drop, Hypercube collaborated with Luminance and TRIPP to turn generative art into regenerative sustainability. Chrysanthemum: The Heart-Centered Drop is the first collection of generative, biometric, non-fungible tokens (NFTs) which incorporate biofeedback to guide breathing and support wellness. Created in partnership with TRIPP, the fastest-growing XR wellness platform, and the design studio, Luminance, the collection of biometric NFTs will be minted on Hypercube's platform. The joint launch offers an invitation for collectors to merge the body, mind, heart, and breath together in harmony. The project is on a mission to drive global connection through shared intention, attention, and breath, with 10% of the proceeds going toward regenerative farming projects.
Chrysanthemum: The Heart-Centered Drop is designed by Daniel Friedman of Luminance with sound design by David Starfire of TRIPP. An edition of 1,440 NFTs (representing the total number of minutes we have in a day and an implicit reminder to be as present, healthy, and inspired as possible during that time) are available for minting at a price of 0.25 ETH. The collection leverages science and research-backed biofeedback to support interactive, meditative experiences. This genesis collection allows collectors to access an immersive web & IRL audio-visual biofeedback journey guided by their own hearts. After pairing with a Bluetooth heart rate monitor, the colors and patterns of the Chrysanthemum NFT respond in real time. For further immersion, collectors can enable audio feedback to listen to sound frequencies generated by their own heartbeats, with a sound and music library provided by GRAMMY-nominated artists, for a unique experience with every session.
To learn more about Hypercube, and to mint your own Chrysanthemum, visit https://hypercube.art/chrysanthemum
Founded in 2021 by technology entrepreneur and investor Ryan Junee, artist Alina Karo, blockchain developer Fil Makarov, and generative art enthusiast Sergey Shendrik, Hypercube is a decentralized NFT platform that connects high-quality contemporary artists with blockchain technology to launch blockchain-native art. To learn more, and to find ways to partner, visit https://hypercube.art/launchpad.
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SOURCE Hypercube | https://www.mysuncoast.com/prnewswire/2022/07/08/hypercube-launches-with-chrysanthemum-heart-centered-drop/ | 2022-07-09T10:50:52Z |
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, June 7, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.
The Company is pleased to announce that it has received permits for the next two helium wells in Arizona. The Gunner Dome wildcat prospect is approximately 16 miles east of the McCauley Helium Field. Operations for this well will begin in July when the rig is finished with its current contract. An offset well in the McCauley Helium Field will be drilled later this year to supply additional supply to the McCauley Helium Processing Facility.
"We are excited about drilling the Gunner Dome Wildcat," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "Adding another new field to our existing 3 helium fields will increase the asset value of our portfolio. The additional offset will increase our anticipated cash flow from the McCauley Helium Processing Facility."
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp. | https://www.kxii.com/prnewswire/2022/06/07/desert-mountain-energy-receives-permits-two-new-helium-wells-arizona/ | 2022-06-07T08:38:34Z |
Grand Champion Mascarpone Hails from Lake County Dairy Schuman Cheese
MADISON, Wis., Sep. 6, 2022 /PRNewswire/ -- Competition after competition, Wisconsin Cheesemakers continue their winning streak taking top prize -- grand champion -- and 84 total awards at World Dairy Expo Championship Dairy Product Competition, August 25, 2022.
"Thanks to this state's great dairy heritage, and more than 180 years of cheesemaking, Wisconsin continually achieves high honors for dairy products showcasing traditional methods mixed with new innovations," says Suzanne Fanning Chief Marketing Officer for Wisconsin Cheese and Senior Vice President of Dairy Farmers of Wisconsin.
Key wins at the 2022 World Dairy Expo Dairy Product Competition include:
- Cheese and Butter Grand Champion goes to Cello Mascarpone created by Lake Country Dairy Schuman Cheese of Turtle Lake, Wisconsin.
- Wisconsin cheese and dairy companies win nearly 30% of all awards with 29 first place awards, 29 second place awards and 25 third place awards.
- 4 Wisconsin cheese and dairy companies -- Foremost Farms USA, Lake Country Dairy Schuman Cheese, Kemps LLC, Chocolate Shoppe Ice Cream Company-- win 6 or more awards, 8 companies win four or more awards, and 32 companies win one or more award.
First place Wisconsin Cheese winners include Alpinage Cheese LLC with washed rind, semi-hard alpine style raclette; Crave Brothers Farmstead with cheddar curds and marinated fresh mozzarella; Foremost Farms with smoked Provolone and salted butter; Kingston Creamery with smoked blue; LaClare Creamery with Chandoka; Lactalis with Feta; Lake Country Dairy Schuman Cheese with Cello Artisan Copper Kettle parmesan wheel, Cello smoky pepper fontina and Cello mascarpone; Land O Lakes with sharp cheddar; Masters Gallery Foods with shredded parmesan; Pine River Pre Pack with Swiss and Almond Cold Pack; Prairie Farms Dairy - White Hill Cheese with baby Swiss wheel; Ron's Wisconsin Cheese with mozzarella string; Saxon Creamery with Snowfields. To view a full listing of awards visit www.worlddairyexpo.com.
This year's contest received a record number 1,560 entries for cheese, butter, fluid milk, yogurt, cottage cheese, ice cream, sour cream, sherbet, cultured milk, sour cream dips, whipping cream, whey and other products from dairy processors throughout North America. On October 4, the contest's auction will be held at World Dairy Expo in Madison, at which time all category 1st place winners will be auctioned off with a portion of proceeds going to scholarships for students pursuing the dairy industry.
About Dairy Farmers of Wisconsin: Funded by Wisconsin dairy farmers, Dairy Farmers of Wisconsin is a non-profit organization that focuses on marketing and promoting Wisconsin's world-class dairy products. For more information, visit our website at wisconsindairy.org.
About Wisconsin Cheese: The tradition of cheesemaking excellence began more than 180 years ago, before Wisconsin was recognized as a state. Wisconsin's 1,200 cheesemakers, many of whom are third- and fourth-generation, continue to pass on old-world traditions while adopting modern innovations in cheesemaking craftsmanship. For more information, visit WisconsinCheese.com or connect on Facebook.
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SOURCE Dairy Farmers of Wisconsin | https://www.kxii.com/prnewswire/2022/09/06/wisconsin-cheeses-continue-winning-streak-world-dairy-expo-dairy-product-competition/ | 2022-09-06T17:38:28Z |
LOS ANGELES, July 19, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against HUMBL, Inc. ("HUMBL" or "the Company") (OTC: HMBL) for violations of the federal securities laws.
Investors who purchased the Company's securities and/or the Company's unregistered digital asset (sold as BLOCKS Exchange Traded Index ("ETXs") on various cryptocurrency exchanges) between November 1, 2020 and May 19, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 19, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. HUMBL misled investors about its growth prospects, technology, partnerships, and other critical aspects of its business. The Company used selectively timed news releases to keep its stock price high enough for insiders to sell their holdings into artificially inflated volume. Based on this news, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about HUMBL, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
The Schall Law Firm
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SOURCE The Schall Law Firm | https://www.kxii.com/prnewswire/2022/07/19/final-deadline-alert-schall-law-firm-encourages-investors-humbl-inc-with-losses-100000-contact-firm/ | 2022-07-19T15:12:08Z |
It’s going to be a ‘make-or-break’ year for struggling craft brewers
By Alicia Wallace, CNN Business
For many of the nation’s small and independent brewers, this year will prove to be a true test of their staying power.
Early data for 2022 shows that brewery closures are on the rise and some sales have been spotty, said Bart Watson, senior economist for the Brewers Association, craft beer’s largest trade organization.
The pandemic and its ongoing effects, as well as the war in Ukraine, continue to drag down smaller brewers, who are battling climbing costs, rising rents, and seemingly interminable supply chain challenges, Watson said.
“2022 is going to be a make-or-break year for many breweries,” he said earlier this month while delivering the results of the association’s state-of-the-industry report.
During the first three months of 2022, at least 53 craft breweries shut their doors, up from 42 closures in the first quarter of last year. That still leaves some 9,100 breweries in operation, but more closures are expected.
After being hit hard in 2020, the US craft beer industry started bouncing back last year. But this year, the outlook has grown hazier.
“We still had the government raining down helicopter money [in 2021],” Watson told CNN Business, referring to the Restaurant Revitalization Fund, a federal pandemic relief program offering aid to struggling restaurants, bars, breweries, wineries and similar businesses. “The [breweries] are going to have to stand on their own [now].”
The craft beer business was already experiencing some choppiness before the pandemic: In 2019, there were a record 300-plus closures, a reckoning after thousands of breweries had opened up in just a few short years.
“We may see increased closings, but it’s not going to be a huge bubble burst,” Watson said of this year’s projections. “We were already moving toward a more mature place.”
However, the current economic outlook — and the war in Ukraine, which has played havoc with crucial commodities like wheat and barley — “could accelerate that,” he said.
That could mean an increase in consolidation and in brewers paring down, rethinking or shuttering operations, he said.
‘Not clear sailing’
In North Texas, the Lone Star State has seen popular breweries close their doors in recent weeks, including Legal Draft Beer and Armadillo Ale Works, the Dallas Morning News and Denton Record-Chronicle first reported.
“Poor sales led to the accumulation of expenses and debt and although government assistance helped keep us afloat, we were unable to fully recover,” Armadillo Brewing Company officials said in a Facebook post on March 27.
Texas brewers faced some unique challenges early on in the pandemic because they were initially classified as bars, which were targeted for shutdowns as part of Gov. Greg Abbott’s Covid-19 measures, said Charles Vallhonrat, executive director of the Texas Craft Brewers Guild.
“Now we face a lot of the challenges a lot of hospitality groups face with supply chain issues and staffing — keeping staff on board, being able to run at capacity, ” he said.
The supply chain constraints span a number of products breweries rely on, with aluminum for cans and can availability as the biggest issue, Vallhonrat said. But it also extends to shipping costs, delivery timelines for equipment and even the branded glasses sold in brewery gift shops, he said.
It all adds up, especially if brewers are already on shaky ground, in debt or in a tenuous leasing situation.
“Things have to click for the brewery to be bringing in the revenue with visitors, with events,” he said. “One hiccup, one bad delivery, one missed equipment, one bad batch, and you can be at risk. People are getting by, but it’s not clear sailing right now.”
Changes are brewing
This past weekend marked the final day of operation for Second Street Brewery at its namesake original location off 2nd Street in Santa Fe, New Mexico. Second Street had operated there for more than 25 years, but the lease renewal terms — including higher rent — were not favorable enough, said Rod Tweet, Second Street’s president and brewmaster.
With two other taproom restaurants in the Southwestern arts hub, the company is “doing pretty solid business” and both breweries are “very busy,” Tweet told CNN Business. “We’re in pretty good health on the whole, but we pay attention to what’s going on around us, too.”
The company’s restaurant footprint was a little too big for post-Covid times, he said. Not to mention the extent to which the lingering, cascading economic pressures have created an uncertain business climate.
This now includes the ripple effects of the Russia-Ukraine conflict on the price and availability of oil, food, lumber and other materials. The global crisis could put additional price and demand pressures on items used by brewers, such as wooden pallets and malted barley, Watson said.
“It’s a good time to be super careful and super strategic because we’re facing rising prices in pretty much everything,” said Second Street’s Tweet. “We’re trying to think of where we want to be five years from now.”
Beer as a path toward economic renewal
Despite uncertainty, optimism is brewing in places like Kansas City, Missouri.
That’s where local musician Kemet Coleman is teaming up with craft brewers Woodie Bonds and Elliott Ivory to open Vine Street Brewing in the city’s historic Jazz District. When Vine Street makes its debut in September — an opening date already pushed back because of supply chain and construction delays — it will be Kansas City’s first Black-owned brewery.
Coleman was inspired to start a brewery after getting a job at Kansas City’s venerable Boulevard Brewing nearly 10 years ago. He had also learned about the history of brewing in parts of Africa and the roles of Black women and female slaves in America’s early beer industry. Coleman said he sees the potential in not only introducing craft beer to new consumers and educating them about the different styles of beer, but also in economic renewal.
Breweries are “great community builders,” he said, noting that in downtown Kansas City he’s seen breweries emerge and development follow. Vine Street hopes to serve as a community gathering place and offer historical tours and host local musicians and events.
In the Jazz District, “some of our most important milestones and moments and spaces have either been demolished or haven’t really been taken care of,” he said. “So I see beer in general, but also this brewery specifically, as a way to help bring back a community to not former glory but to a new place that everybody would enjoy and would be proud to boast about.”
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Institute will drive sustainable innovation in three areas of environmental stewardship, furthering progress toward the company's 2030+ environmental, social and governance (ESG) commitments
FRANKLIN LAKES, N.J., April 22, 2022 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced the formation of the Sustainable Medical Technology Institute, a model of practice within the organization that will bring together BD researchers and engineers, as well as quality, regulatory, policy and operational expertise, to focus on reducing the environmental impact of the company's product portfolio in three areas, including adopting sustainable product design strategies, developing and deploying sustainable sterilization technologies, and addressing materials of concern (MOC).
The Institute will serve as an example of how the company continues to advance the world of health by prioritizing high-quality, safe products for patients, while furthering its environmental, social and governance (ESG) strategy.
"As part of our ESG strategy, we made commitments in specific areas where we see the most opportunity for BD to create meaningful, measurable change over the next decade," said Maureen Mazurek, vice president, sustainability and environmental health and safety (EHS) at BD. "In order to achieve these commitments, we established a set of goals to track and measure our success, and this includes how to reduce the environmental impact of our product portfolio and address our customers' sustainability needs. These priorities led us to form the Sustainable Medical Technology Institute."
Dr. Amit Limaye, director of the Sustainable Medical Technology Institute and director of sustainability research and development at BD, added, "By empowering our teams to tap into deep expertise in areas like engineering and materials science, coupled with access to breakthrough research, technologies, and government and academic partnerships, we are well-positioned to be the best environmental stewards of our portfolio. It is our vision to create a strategic roadmap that will be integral across the organization, demonstrating how an ethical and sustainable company can drive growth, while meeting patient and customer needs in the most environmentally sustainable way possible."
The Institute will operate in North America, Europe and Asia, and will collaborate with cross-functional teams within the company's business units, inclusive of research and development, regulatory, quality, policy and operations roles, with the goal of ensuring accountability and a streamlined approach to sustainability efforts, as well as further address sustainability needs within the industry and global regulatory bodies. Key initial efforts include reestablishing a set of minimum environmental and human health criteria for new products and product changes aligned with the company's 2030+ ESG commitments and goals, and identifying new ways to reduce, reuse, recycle or replace materials. These efforts will inform the company's product life cycle roadmap and enable adoption of a sustainable-by-design product development process.
Visit the company's website to learn more about its environmental, social and governance strategy and commitment to advancing company, planet, community and human health; and for more information about innovation at BD, visit https://www.bd.com/en-us/about-bd/innovation-at-bd.
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 75,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.
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SOURCE BD (Becton, Dickinson and Company) | https://www.wibw.com/prnewswire/2022/04/22/bd-forms-sustainable-medical-technology-institute-reduce-environmental-impact-its-product-portfolio/ | 2022-04-22T11:43:57Z |
GoodTrust launches new online Pet Directive that allows any pet parent to ensure their faithful friends are taken care of.
Trupanion and GoodTrust announce official partnership to help protect pets and pet parents everywhere.
Goal of National Pet Day to raise awareness of animals in shelters; GoodTrust and Trupanion want to ensure no pets are ever forgotten.
MENLO PARK, Calif., April 11, 2022 /PRNewswire/ -- National Pet Day was founded in 2006 to raise awareness around the myriad animals in shelters awaiting a forever home. This year, GoodTrust and Trupanion encourage all pet parents to take care of their faithful friends with both high-quality medical insurance and by creating a clear pet directive.
The new pet directive from GoodTrust allows pet parents to better organize their pet's records and establish how they wish their faithful friend to be taken care of if they pass away unexpectedly. For example, should the animal be given to a neighbor or a loved one as the pet's guardian? What is their daily routine or health needs? How should the pet itself be raised by someone else? It's not an easy subject for any pet parent, but as with any planning ahead it can provide a priceless peace of mind. The pet directive is also designed to be a helpful utility to keep everything related to your pet in one place that can be easily shared with others.
"We are pet lovers at heart," said Rikard Steiber, GoodTrust CEO and founder. "In fact, many of our team are pet parents, including myself, and while we don't want to think of these difficult subjects on a regular basis, we do want to empower people to take action and ensure their pets live a fulfilling life no matter what happens."
In addition, pet directives inform your chosen pet guardian of any known medical issues, current treatment plans, health history, and which veterinarian they see.
Trupanion, a leader in medical insurance for pets, helps loving, responsible pet owners budget and care for their pets.
"We're excited to partner with GoodTrust and recognize the importance of having a pet directive that addresses the continuous well-being of a beloved pet, in any situation," said Randy Valpy, Vice President, Growth Partnerships of Trupanion. "Pet parents choosing to include a pet directive in their overall planning is a win for the pet, the pet owner, and veterinary professionals."
GoodTrust also offers anyone the opportunity to create an entire estate plan from a will (you can also name your pet in your will) to advance health care directive to durable financial power of attorney. And GoodTrust offers innovative and practical ways to preserve and secure someone's digital legacy by helping close accounts, retrieve valuable content like photos and even animate images to bring them to life in new ways.
About GoodTrust
GoodTrust is the digital-legacy pioneer dedicated to solving the problem of what happens to our online accounts and assets when we die. The GoodTrust platform helps people secure their digital assets, plan their estate, and protect their priceless memories. GoodTrust has been featured in numerous media outlets including CBS News, WIRED, and Fortune.
About Trupanion
Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada and Australia with more than 650,000 pets enrolled. Since 2000, Trupanion has given pet owners peace of mind so they can focus on their pet's recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only provider with the technology to pay veterinarians directly in seconds at the time of checkout. For more information, please visit trupanion.com.
You can find GoodTrust at www.MyGoodTrust.com.
Contact: info@mygoodtrust.com
You can find Trupanion at www.trupanion.com
Please find GoodTrust graphics and images here:
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SOURCE GoodTrust | https://www.wibw.com/prnewswire/2022/04/11/national-pet-day-goodtrust-trupanion-partner-help-protect-our-faithful-friends/ | 2022-04-11T14:05:31Z |
- Achieves second quarter revenue growth of 4% reported and 6.5% organic, driven by CAG Diagnostics recurring revenue growth of 4% reported and 7% organic, building on high prior year growth
- Solid demand for diagnostic services and strong IDEXX execution support record second quarter premium instrument placements, driving 15% growth in global premium installed base
- Delivers EPS of $1.56, representing declines of 33% as reported and 30% on a comparable basis, including $0.72 per share impact from discrete R&D investments
- Adjusts 2022 revenue guidance to 3% - 5.5% growth as reported and 5.5% - 8% organic. At midpoint, updated outlook reflects expectations for solid second half growth for CAG Diagnostics recurring revenues, similar to recent trends, adjusted for incremental benefits from higher pricing. The low end of the updated outlook incorporates a 2.5% second half organic growth risk estimate related to potential additional impacts from macroeconomic conditions
- Updated EPS outlook of $7.77 - $8.05 reflects updated revenue outlook, a 50 basis point adjustment to the full year comparable operating margin outlook and $0.08 combined per share impact from updated foreign exchange and interest rate projections
WESTBROOK, Maine, Aug. 2, 2022 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, today announced second quarter results, as well as an update on U.S. companion animal diagnostics trends.
Second Quarter Results
The Company reports revenues of $861 million for the second quarter of 2022, a 4% increase as reported and 6.5% organically, driven by Companion Animal Group ("CAG") Diagnostics recurring revenue growth of 4% reported and 7% organic compared to strong prior year performance. Continued solid companion animal sector demand and benefits from IDEXX execution drove premium instrument placements 18% higher than the prior year period, supporting CAG Diagnostics capital instrument revenue growth of 3% as reported and 8% organic. Continued strong momentum in cloud-based software placements supported veterinary software, services and diagnostic imaging systems revenue growth of 27% as reported and 14% organically. Overall revenue gains in the quarter were also supported by Water revenue growth of 5% reported and 9% organic.
Second quarter earnings per diluted share ("EPS") were $1.56, decreasing 33% as reported and 30% on a comparable basis compared to strong prior year profit levels, reflecting impacts from $80 million of discrete R&D investment in the quarter and operating expense growth related to investments in commercial capabilities. EPS results included $0.06 per share negative impact from currency changes and $0.03 per share in tax benefits from share-based compensation.
"Building on strong prior year gains, IDEXX drove continued solid organic growth in the second quarter," said Jay Mazelsky, President and Chief Executive Officer. "I am especially pleased with the strong execution of our global teams resulting in record premium instrument placements and cloud- based practice management software adoption. IDEXX innovations have never been more important in helping veterinary clinics manage through capacity challenges and to achieve outstanding care for their patients."
Companion Animal Diagnostics Trends Update
Continued growth in demand for companion animal healthcare supported solid gains in CAG diagnostic products and services, compared to strong prior year demand levels. Average diagnostics revenues grew 6% at U.S. veterinary practices on a same-store basis in the second quarter, ahead of 3% growth in overall clinic revenues, reflecting continued expansion of demand for pet healthcare services. U.S. same-store clinical visits at veterinary practices declined 3% in the second quarter compared to prior year period clinical visit growth of 13%, which included benefits from increases in new pet ownership during the COVID-19 pandemic. Growth for pet healthcare including diagnostics has increased significantly from pre-pandemic levels reflecting compound annual growth of 2% in clinical visits and 10% in same-store diagnostics revenues for the U.S. compared to the second quarter of 2019.
Additional U.S. companion animal practice key metrics are available in the Q2 2022 Earnings Snapshot accessible on the IDEXX website, www.idexx.com/investors.
Second Quarter Performance Highlights
Companion Animal Group
The Companion Animal Group generated revenue growth of 5% reported and 7% organically for the quarter, supported by CAG Diagnostics recurring revenue growth of 4% on a reported basis and 7% organically. Solid growth was achieved across IDEXX's major modalities, building off high gains in the prior year period. Overall CAG revenue growth included CAG Diagnostics capital instrument revenue growth of 3% reported and 8% organic, reflecting record second quarter premium instrument placements.
- IDEXX VetLab® consumables generated 4% reported and 8% organic revenue growth, with gains across U.S. and international regions supported by expansion of our global premium instrument installed base, benefits from net price gains and high customer retention levels.
- Reference laboratory diagnostic and consulting services generated 4% reported and 6% organic revenue growth driven by strong gains in the U.S., offset by flat organic revenue growth in international regions compared to strong prior year levels. Revenue growth reflects benefits from strong customer retention, new business gains and net price improvement.
- Rapid assay products revenues grew 4% as reported and 6% organically, supported by continued solid volume growth in the U.S. and net price gains.
Veterinary software, services and diagnostic imaging systems revenues grew 27% as reported and 14% organically, supported by double-digit organic gains in recurring software and digital imaging revenues. Reported growth includes benefits from ezyVet®, acquired during the second quarter of 2021, which continues to show strong momentum in customer gains.
Water
Water revenues grew 5% on a reported basis and 9% on an organic basis for the quarter, reflecting solid volume growth across U.S. and international regions and benefits from net price gains.
Livestock, Poultry and Dairy ("LPD")
LPD revenues declined 11% as reported and 5% on an organic basis for the quarter, reflecting comparisons to high prior year revenue levels of African Swine Fever and core Swine testing in China. This impact was partially offset by moderate overall organic revenue gains in other areas of the LPD business. Comparisons to high revenue levels for African Swine Fever testing are expected to improve in the second half of 2022.
Gross Profit and Operating Profit
Gross profits increased 5% as reported and 7% on a comparable basis. Gross margin of 59.7% increased 50 basis points as reported and was flat on a comparable basis. Benefits from net price gains, lab productivity initiatives and improvement in software service gross margins offset select inflationary effects and impacts from lower LPD revenues.
Operating margin was 20.8% in the quarter, 1,060 basis points lower than the prior year as reported and 1,050 basis points lower on a comparable basis, driven by year-over-year operating expense growth of 46% as reported and 48% on a comparable basis. Operating expense includes a 35% growth impact and a 900 basis point operating margin impact related to $80 million in discrete R&D investments and reflects increased investments supporting global commercial capabilities, higher travel costs and inflationary impacts.
2022 Growth and Financial Performance Outlook
The Company is updating its full year revenue growth outlook to 3% - 5.5% as reported and 5.5% - 8% organically, a reduction in the projected full year revenue growth range of 250 basis points and 200 basis points, respectively. This outlook range includes projected full year CAG Diagnostics recurring revenue growth of 4% - 6% as reported and 6.5% - 9% organic, supported by continued benefits from strong IDEXX execution including additional second half price gains. The updated outlook also incorporates expectations for continued near-term pressure on veterinary clinical visits from factors including constraints on vet clinic capacity, lapping of new patient step-up benefits, as well as additional potential growth impacts related to macroeconomic risk.
The Company now projects full year operating margins of 26.4% - 26.9%, reflecting ~50 basis points of net operating margin impact related to updated revenue growth estimates.
The Company's EPS outlook of $7.77 - $8.05 reflects an adjustment of $0.32 at midpoint, including $0.05 of negative impact from higher projected interest rates and $0.03 of negative impact related to the strengthening U.S. dollar.
The following table provides the Company's updated outlook for annual key financial metrics in 2022:
The following table outlines estimates of foreign currency exchange rate impacts, net of foreign currency hedging transactions, and foreign currency exchange rate assumptions reflected in the above financial performance outlook for 2022.
Conference Call and Webcast Information
IDEXX Laboratories, Inc. will be hosting a conference call today at 8:30 a.m. (EDT) to discuss its second quarter 2022 results and management's outlook. To participate in the conference call, dial 1-866-374-5140 or 1-404-400-0571 and reference pin 28182746. Individuals can access a live webcast of the conference call through a link on the IDEXX website, www.idexx.com/investors. An archived edition of the webcast will be available after 1:00 p.m. (EDT) on that day via the same link and will remain available for one year.
2022 Investor Day
IDEXX Laboratories, Inc. will host its 2022 Investor Day on Thursday, August 11, 2022 from 8:00 am to approximately 12:00 pm (EDT). A live audio webcast and accompanying slide presentations will be available at www.idexx.com/investors. An archived webcast replay of the event will be available approximately one hour following the event at www.idexx.com/investors. For additional information contact investorrelations@idexx.com.
About IDEXX Laboratories, Inc.
IDEXX is a global leader in pet healthcare innovation. Our diagnostic and software products and services create clarity in the complex, constantly evolving world of veterinary medicine. We support longer, fuller lives for pets by delivering insights and solutions that help the veterinary community around the world make confident decisions—to advance medical care, improve efficiency, and build thriving practices. Our innovations also help ensure the safety of milk and water across the world and maintain the health and well-being of people and livestock. IDEXX Laboratories, Inc. is a member of the S&P 500® Index. Headquartered in Maine, IDEXX employs more than 10,000 people and offers solutions and products to customers in more than 175 countries. For more information about IDEXX, visit www.idexx.com.
Note Regarding Forward-Looking Statements
This earnings release contains statements about the Company's business prospects and estimates of the Company's financial results for future periods that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are included above under "Livestock, Poultry and Dairy ("LPD")", "2022 Growth and Financial Performance Outlook", and elsewhere and can be identified by the use of words such as "expects", "may", "anticipates", "intends", "would", "will", "plans", "believes", "estimates", "projected", "should", and similar words and expressions. Our forward-looking statements include statements relating to our expectations regarding LPD financial performance; revenue growth and EPS outlooks; operating and free cash flow forecast; projected impact of foreign currency exchange rates and interest rates; projected operating margins and expenses and capital expenditures; projected tax, tax rate and EPS benefits from share-based compensation arrangements; and projected effective tax rates, reduction of average shares outstanding and net interest expense. These statements are intended to provide management's expectation of future events as of the date of this earnings release; are based on management's estimates, projections, beliefs and assumptions as of the date of this earnings release; and are not guarantees of future performance. These forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, among other things, the matters described under the headings "Business," "Risk Factors," "Legal Proceedings," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures About Market Risk" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and in the corresponding sections of the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, as well as those described from time to time in the Company's other filings with the U.S. Securities and Exchange Commission available at www.sec.gov. The Company specifically disclaims any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Statement Regarding Non-GAAP Financial Measures
The following defines terms and conventions and provides reconciliations regarding certain measures used in this earnings release and/or the accompanying earnings conference call that are not required by, or presented in accordance with, generally accepted accounting principles in the United States of America ("GAAP"), otherwise referred to as non-GAAP financial measures. To supplement the Company's consolidated results presented in accordance with GAAP, the Company has disclosed non-GAAP financial measures that exclude or adjust certain items. Management believes these non-GAAP financial measures provide useful supplemental information for its and investors' evaluation of the Company's business performance and liquidity and are useful for period-over-period comparisons of the performance of the Company's business and its liquidity and to the performance and liquidity of our peers. While management believes that these non-GAAP financial measures are useful in evaluating the Company's business, this information should be considered as supplemental in nature and should not be considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures reported by other companies.
Constant currency - Constant currency references are non-GAAP financial measures which exclude the impact of changes in foreign currency exchange rates and are consistent with how management evaluates our performance and comparisons with prior and future periods. We estimated the net impacts of currency on our revenue, gross profit, operating profit, and EPS results by restating results to the average exchange rates or exchange rate assumptions for the comparative period, which includes adjusting for the estimated impacts of foreign currency hedging transactions and certain impacts on our effective tax rates. These estimated currency changes impacted second quarter 2022 results as follows: decreased gross profit growth by 2%, increased gross margin growth by 50 basis points, decreased operating expense growth by 2%, decreased operating profit growth by 2%, decreased operating profit margin growth by 10 basis points, and decreased EPS growth by 2%. Constant currency revenue growth represents the percentage change in revenue during the applicable period, as compared to the prior year period, excluding the impact of changes in foreign currency exchange rates. See the supplementary analysis of results below for revenue percentage change from currency for the three months and six months ended June 30, 2022 and refer to the 2022 Growth and Financial Performance Outlook section of this earnings release for estimated foreign currency exchange rate impacts on 2022 projections and estimates.
Growth and organic revenue growth - All references to growth and organic growth refer to growth compared to the equivalent prior year period unless specifically noted. Organic revenue growth is a non-GAAP financial measure that excludes the impact of changes in foreign currency exchange rates, certain business acquisitions, and divestitures. Management believes that reporting organic revenue growth provides useful information to investors by facilitating easier comparisons of our revenue performance with prior and future periods and to the performance of our peers. Organic revenue growth should be considered in addition to, and not as a replacement of or a superior measure to, revenue growth reported in accordance with GAAP. See the supplementary analysis of results below for a reconciliation of reported revenue growth to organic revenue growth for the three months and six months ended June 30, 2022. Please refer to the 2022 Growth and Financial Performance Outlook section of this earnings release for estimated full year 2022 organic revenue growth for the Company and CAG Diagnostics recurring revenue. The percentage change in revenue resulting from acquisitions represents revenues during the current year period, limited to the initial 12 months from the date of the acquisition, that are directly attributable to business acquisitions. Revenue from acquisitions is expected to increase projected full year 2022 revenue growth by 50 basis points and to have no impact to projected full year 2022 CAG Diagnostics recurring revenue growth.
Comparable growth metrics - Comparable gross profit growth, comparable gross margin gain (or growth), comparable operating expense growth, comparable operating profit growth and comparable operating margin gain (or growth) are non-GAAP financial measures and exclude the impact of changes in foreign currency exchange rates and non-recurring or unusual items (if any). Please refer to the constant currency note above for a summary of foreign currency exchange rate impacts. Management believes that reporting comparable gross profit growth, comparable gross margin gain (or growth), comparable operating expense growth, comparable operating profit growth and comparable operating margin gain (or growth) provides useful information to investors because it enables better period-over-period comparisons of the fundamental financial results by excluding items that vary independent of performance and provides greater transparency to investors regarding key metrics used by management. Comparable gross profit growth, comparable gross margin gain (or growth), comparable operating expense growth, comparable operating profit growth and comparable operating margin gain (or growth) should be considered in addition to, and not as replacements of or superior measures to, gross profit growth, gross margin gain, operating expense growth, operating profit growth and operating margin gain reported in accordance with GAAP.
The reconciliation of these non-GAAP financial measures is as follows:
Projected 2022 comparable operating margin expansion outlined in the 2022 Growth and Financial Performance Outlook section of this earnings release reflects projected full year 2022 reported operating margin adjusted for estimated positive year-over-year foreign currency exchange rate change impact of approximately 20 basis points.
This impact and those described in the constant currency note above reconcile reported gross profit growth, gross margin gain, operating expense growth, operating profit growth and operating margin gain (including projected 2022 operating margin expansion) to comparable gross profit growth, comparable gross margin gain, comparable operating expense growth, comparable operating profit growth and comparable operating margin gain for the Company.
Comparable EPS growth - Comparable EPS growth is a non-GAAP financial measure that represents the percentage change in earnings per share (diluted) ("EPS") for a measurement period, as compared to the prior base period, net of the impact of changes in foreign currency exchange rates from the prior base period and excluding the tax benefits of share-based compensation activity under ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, and non-recurring or unusual items (if any). Management believes comparable EPS growth is a more useful way to measure the Company's business performance than EPS growth because it enables better period-over-period comparisons of the fundamental financial results by excluding items that vary independent of performance and provides greater transparency to investors regarding a key metric used by management. Comparable EPS growth should be considered in addition to, and not as a replacement of or a superior measure to, EPS growth reported in accordance with GAAP. Please refer to the constant currency note above for a summary of foreign currency exchange rate impacts.
The reconciliation of this non-GAAP financial measure is as follows:
Projected 2022 comparable EPS growth outlined in the 2022 Growth and Financial Performance Outlook section of this earnings release reflects adjustments including estimated positive share-based compensation activity of $0.12 and estimated negative year-over-year foreign currency exchange rate change impact of $0.21.
These impacts and those described in the constant currency note above reconcile reported EPS growth (including projected 2022 reported EPS growth) to comparable EPS growth for the Company.
Free cash flow - Free cash flow is a non-GAAP financial measure and means, with respect to a measurement period, the cash generated from operations during that period, reduced by the Company's investments in property and equipment. Management believes free cash flow is a useful measure because it indicates the cash the operations of the business are generating after appropriate reinvestment for recurring investments in property and equipment that are required to operate the business. Free cash flow should be considered in addition to, and not as a replacement of or a superior measure to, net cash provided by operating activities. See the supplementary analysis of results below for our calculation of free cash flow for the six months ended June 30, 2022 and 2021. To estimate projected 2022 free cash flow, we have deducted projected purchases of property and equipment (also referred to as capital expenditures) of approximately $180 million. To calculate trailing twelve-month net income to free cash flow ratio for the twelve months ended June 30, 2022, we have deducted purchases of property and equipment of approximately $139 million from net cash provided from operating activities of approximately $578 million, divided by net income of approximately $664 million.
Debt to Adjusted EBITDA (Leverage Ratios) - Adjusted EBITDA, gross debt, and net debt are non-GAAP financial measures. Adjusted EBITDA is a non-GAAP financial measure of earnings before interest, taxes, depreciation, amortization, non-recurring transaction expenses incurred in connection with acquisitions, share-based compensation expense, and certain other non-cash losses and charges. Management believes that reporting Adjusted EBITDA, gross debt and net debt in the Debt to Adjusted EBITDA ratios provides supplemental analysis to help investors further evaluate the Company's business performance and available borrowing capacity under the Company's credit facility. Adjusted EBITDA, gross debt, and net debt should be considered in addition to, and not as replacements of or superior measures to, net income or total debt reported in accordance with GAAP. For further information on how Adjusted EBITDA and the Debt to Adjusted EBITDA Ratios are calculated, see the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
Contact: John Ravis, Investor Relations, 1-207-556-8155
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SOURCE IDEXX Laboratories, Inc. | https://www.wibw.com/prnewswire/2022/08/02/idexx-laboratories-announces-second-quarter-results/ | 2022-08-02T10:46:32Z |
This year’s MLB game at the Field of Dreams features the Chicago Cubs and the Cincinnati Reds on Thursday, Aug. 11, and players from the National League Central Division rivals spoke Wednesday about their excitement for next week — in just the second Major League Baseball game played in Iowa.
The first game held there was Aug. 12, 2021, between the Chicago White Sox (designated as the home team) and the New York Yankees. It was the first MLB game played in the state of Iowa, and the White Sox won, 9–8, on a walk-off home run by Tim Anderson.
The Quad Cities River Bandits and Cedar Rapids Kernels will also play in an Aug. 9 game at the now-iconic ballpark next to the historic “Field of Dreams” movie site in Dyersville.
In a throwback to a bygone era of sports, the hosting River Bandits will play as the Davenport Blue Sox (their name during 1913-1916, 1929-1933 and 1934-1937) against the Kernels as the Cedar Rapids Bunnies (their name from 1904-1932), for the ‘MiLB at Field of Dreams‘ Game.
Frank Schwindel, first baseman for the Cubs (41-61) has played for the Des Moines minor league team. “It’s gonna be awesome. I’m excited. The fans are passionate,” he said in a Wednesday video press conference. “It’s going to be a great time to have them come out,” he said.
“Watching homers go out into the corn, you don’t see that often,” Schwindel said. “It’s gonna be something special. It’s going to be a great opportunity to play in that game. It’s gonna be a lot of fun.”
Wrigley Field is such an iconic ballpark itself, and Schwindel said they’re spoiled to play their home games there. He’s planning to bask in the glory of “Field of Dreams” next week.
“Soak it all in”
“We’re gonna soak it all in; we’ll walk through the corn, sit on the iconic bench out front,” he said. “Just try to soak it all in and have as much fun as we can. It’s just another baseball game, but under the circumstances, it’s gonna be a fun one.”
Kyle Farmer, shortstop for the Reds (42-61), grew up watching the iconic 1989 movie starring Kevin Costner. “It’s an incredible movie and I’m looking forward to being out there,” he said. “Everybody’s excited, wearing the 1919 uniforms, walking out from the corn. Everybody from watching it last year, everybody is pretty excited.”
“They did an incredible job building a stadium, in a place where you’re not supposed to build a stadium,” Farmer said of the Dyersville site. “It looked incredible.”
“Watching the game last year, Yankees and the White Sox, and to see that Tim Anderson walk-off was pretty special,” he said.
Farmer said this will bring the players back to their Minor League bus days, when they would travel 8-10 hours between cities.
“I think the biggest thing will be wearing the old-school uniforms,” he said. “That brings a different aspect to our mentality playing the game. You put on the old uniform, and it’s a different feel to playing baseball.
Farmer is looking forward to walking around the movie set, and it would be cool to see Kevin Costner (who did introduce the first game last year).
“I’m a big movie buff, so I’m excited to actually be on a place where they had the movie set,” he said. He really enjoyed seeing the game last year.
“The coolest part was seeing the scoreboard and seeing guys actually manually going up there, changing the scoreboard,” Farmer said. “We never see that.”
Hard to top last year’s game
Compared to the drama of the first MLB game in Iowa last year and the excitement of its finish, Farmer said it will be tough to beat this year.
“We’ll play hard and hope to put on a show for the fans, but that’s gonna be tough to beat,” he said. “Frank can go deep at any point in the game, so you never know what’s gonna happen with him.”
“Shoeless Joe” Jackson and teammates on the Chicago White Sox were accused of conspiring with gamblers to throw the 1919 World Series to the Cincinnati Reds. They were acquitted following a jury trial in 1921, but baseball commissioner Judge Kenesaw Mountain Landis barred them for life from professional baseball.
Farmer (of the Reds) said Wednesday that he did a school report on the infamous Black Sox scandal.
“I love baseball so much, I wasn’t very academically entitled, so I chose baseball to do a report on,” he said. “Going into this game an the history behind it, knowing Shoeless Joe Jackson, I don’t really feel like the villain.”
“Every game counts for us, 162 games,” Farmer added. “We’re out there trying to win a ball game. It’s just a different atmosphere. It’ll probably make us play better.”
Jeremiah Yolkut, Director of Events & Scheduling for Major League Baseball, said he expects another magical night of baseball at Field of Dreams.
“Everything we’re doing around it designed to make it really special,” he said. “We want to make sure the fan experience is the same specialness as last year. We’re super excited to be there again. We appreciate the partnerships locally – we can’t ask for better hosts than city of Dubuque, city of Dyersville, Dubuque County. Everybody’s been at the table planning this since the inception of the concept.”
Midwest League vet to call Bandits game
Harold Reynolds, a former MLB All-Star and current MLB Network Analyst, is calling the MiLB at Field of Dreams game Aug. 9 between the River Bandits and the Kernels.
The 61-year-old was an All-Star with the Seattle Mariners in 1987 and 1988, led the American League in stolen bases with 60 in 1987, in triples with 11 in 1988.
“It’s an exciting opportunity and moment for Major League Baseball,” he said Wednesday. “Any time you get the chance to showcase the different things we do in the sport, this stands as a shining light. Last year did not hurt at all. It helped a great deal; it was an amazing game.
“The setting was incredible. I think it took everybody by surprise, how well it was put on,” Reynolds said. “Then the players performed, so anytime you have that, it’s great.”
The Minor League game at Field of Dreams is a new attraction, as a warm-up for the MLB game. Reynolds got his start in the Midwest League, and played in the QC and Cedar Rapids in the early 1980s.
“It’s pretty cool for me to get a chance to call their game,” he said. “It’s quite a collection of talent, the players on both sides. I look forward to that being a great game.”
In the broadcast, Reynolds aims to entertain, including talking to players and special guests.
“The beauty of Minor League Baseball is the purity of it, and I think in this setting, it just makes it come out and taste even better,” he said. “I’m excited about the opportunity and getting a chance to do it.”
How to get tickets
Tickets for the Bandits game start at $85 per person for tip-up seats and $65 for bench-style seating, available HERE. Fans may purchase up to eight (8) tickets and two (2) complimentary parking passes per order, as driving a personal or rental vehicle is the primary mode of transportation available to the site.
You can watch the game on MLB Network or MiLB.tv. The Aug. 11 game will start at 6:15 p.m., and you can watch it on FOX.
Travel Iowa is also promoting all the things to do in and around Dyersville for visitors to the two games. You can find that HERE. | https://cw33.com/news/bandits-cubs-and-more-all-excited-to-play-at-field-of-dreams/ | 2022-08-04T13:46:13Z |
Global, National and State Technology, Public Health, and Other Experts Convene Online at ASTHO's TechXpo May 10 and 11
ARLINGTON, Va., May 4, 2022 /PRNewswire/ -- Hundreds of state and local public health officials, along with federal partners and representatives of private industry and philanthropy, will meet virtually on May 10 and 11 at the Association of State and Territorial Officials' (ASTHO) annual Public Health TechXpo. Leaders will convene to discuss how to solve many of the data problems that affected the COVID-19 pandemic response. The purpose of TechXpo is to convene participants working to bring the U.S. public health data system into the 21st century—something the nation's public health community had been aiming for several years before the pandemic.
The goals of this year's Public Health TechXpo are to provide:
- A platform for technology and data vendors, public health agencies and partners, nonprofits, policymakers, and other sector leaders to engage so that new solutions are fully aligned with public health needs and government agencies are equipped with modern technology to fight modern natural and man-made health threats.
- A forum for public and private sector leaders to discuss the status of the COVID-19 pandemic and the role technology and data solutions play in the response.
- A space for public and private sector leaders to plot the course for modernizing the nation's public health data and technology infrastructure.
"Coming out of the COVID-19 pandemic, we have a real opportunity to reassess where we are with data modernization and public health technology," says ASTHO CEO Michael Fraser, Ph.D. "My hope is that attendees come out of TechXpo with new and actionable ideas about how to face today's and tomorrow's health technology challenges, with new connections formed with those working on these problems day in and day out."
The meeting is free to members of the media and anyone with a .mil, .org, .edu, or .gov email addresses, and registration is still open. In addition to robust discussions and presentations on what's next for the U.S. public health data ecosystem on May 11, participants will be able to interact live and view demos on May 10 with leaders and experts on a variety of technology products and strategies with technology and health experts from across the nation and globe.
Learn more about the agenda, featured speakers and registration here.
Gold level sponsors of TechXpo include VCI SmartHealth. Silver sponsors include AWS and Guidehouse. Silver and Bronze level sponsors include CareMesh, Color, Google Health, HLN Consulting, McKinsey & Company, OpiSafe, Optum, RSM, SAS Institute, STC Health, WellSky, BerryDunn, Double Lantern Informatics, and Verato.
ASTHO is the national nonprofit organization representing the public health agencies of the United States, the U.S. territories and Freely Associated States, and Washington, D.C., as well as the more than 100,000 public health professionals these agencies employ. ASTHO members, the chief health officials of these jurisdictions, are dedicated to formulating and influencing sound public health policy and to ensuring excellence in public health practice.
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SOURCE Association of State and Territorial Health Officials | https://www.mysuncoast.com/prnewswire/2022/05/04/getting-ahead-next-pandemic-leaders-convene-identify-solutions-transform-us-health-data/ | 2022-05-04T20:17:31Z |
CHANGSHA, China, Aug. 10, 2022 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), through its subsidiary in New York, Bit Brother New York Inc., entered into a lease agreement with Petawatt Properties LLC, a Wyoming limited liability company ("Petawatt"), which marks the initial step for the parties to jointly develop the cryptocurrency and blockchain business in North America.
On August 2, 2022, Bit Brother New York and Petawatt entered into a lease agreement for a 22-acre plant in Carthage New York. Bit Brother New York agreed to pay Petawatt an annual rent of $1 million for a term of ten years which could be deducted from the purchase price if Bit Brother acquires majority equity interest of Petawatt. Petawatt agreed to secure power supply agreements for 62.5MW of green power by September 1, 2022. Otherwise, Bit Brother New York may terminate the lease and Petawatt shall return the $100,000 deposit it received If fully operational with 62.5 MWs of power supply, the plant is expected to host 17,800 mining rigs with the hash rate of 110TH assuming average hash power of 3.5kw/h per miner.
Mr. Ralph Jones, the CEO of Bit Brother New York, commented, "This partnership with Petawatt is a significant step for Bit Brother's advancement in the blockchain industry. As a vertically integrated energy, facilities and service provider with access to significant green power resources in North America, Petawatt's choice to partner with Bit Brother also proves its confidence in Bit Brother. Securing the property in North America is a key milestone in our globalization strategy. We are committed to moving forward with our plan to launch blockchain operations in the US and create value for our investors in the cryptocurrency and blockchain field gradually." In addition, Mr. Jones emphasized that Bit Brother's future global blockchain presence is expected to be as green as possible, thus contributing to the development of a low-carbon economy.
About Petawatt Properties LLC
Petawatt, incorporated in the State of Wyoming and headquartered at Watertown, New York, is a vertically integrated energy, facilities and service provider to high demand energy consumers, such as blockchain crypto-miners, hydroponic operators and data centers.
About Bit Brother Limited
Bit Brother Limited (formerly known as Urban Tea, Inc.) was incorporated in the British Virgin Islands as a company with limited liability on November 28, 2011. Our business currently consists of the distribution and retail of specialty tea products. We have conducted research and planning of our blockchain technology and cryptocurrency mining business since 2021. For more information, please visit: http://www.bitbrother.com/
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. The Company cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," "look" or similar expressions may identify forward-looking statements. Specifically, forward-looking statements may include statements relating to the Company's:
- ability to have the plant fully operational as a crypto hosting center;
- ability to secure the 62.5 MW green power supply at terms acceptable to the Company;
- expected hash rate for the mining rigs to be hosted at the plant;
- ability to execute its business plan; and
- expansion plans and opportunities.
These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
These risks and uncertainties include, but not are limited to, the risk factors described by Bit Brother in its filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website (http://www.sec.gov). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:
- Bit Brother's blockchain technology and cryptocurrency mining business are still under development, with many uncertainties in the execution of its business plan;
- failure to access a large quantity of power at reasonable costs could significantly increase the Company's operating expenses;
- federal and state government's policies and regulatory oversight of crypto currency mining operation;
- other risks and uncertainties indicated in Bit Brother's SEC reports or documents filed or to be filed with the SEC by Bit Brother.
Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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SOURCE Bit Brother Limited | https://www.mysuncoast.com/prnewswire/2022/08/10/bit-brother-new-york-signs-lease-agreement-with-access-625mw-green-power-substantial-first-step-blockchain-transformation/ | 2022-08-10T14:02:08Z |
An overnight shooting in Norfolk, Virginia, left seven people injured -- including several university students, officials said.
It happened around 12 a.m. ET in the 5000 block of Killam Avenue, the Norfolk Police Department tweeted.
An overnight shooting in Norfolk, Virginia, left seven people injured -- including several university students, officials said.
It happened around 12 a.m. ET in the 5000 block of Killam Avenue, the Norfolk Police Department tweeted.
Of the seven people rushed to a nearby hospital, two had life-threatening injuries and five others had non-life-threatening wounds, police said.
Authorities did not release any information about a possible motive nor suspect.
Norfolk State University said some of the victims are students at the university, but did not specify how many.
"Norfolk Police have informed us that several NSU students have been the victims of a shooting at an isolated off-campus location near 50th Street and Hampton Blvd," the university tweeted.
"NSU Police have secured the NSU campus. Counseling is being made available for any student in need of services."
The US has suffered at least 456 mass shootings so far this year, according to the Gun Violence Archive. Both the non-profit and CNN define mass shootings as incidents in which four or more people are shot, excluding the shooter.
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CNN's Holly Yan contributed to this report.
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A receipt was sent to your email. | https://www.albanyherald.com/news/a-mass-shooting-in-virginia-injures-7-people-including-norfolk-state-university-students/article_05b9af30-8391-581c-8c8f-ff752b862757.html | 2022-09-04T15:43:34Z |
"Continental Diamond Celebrates 40 Years with "40 Days of Giveaways" valued at over $25,000 in Prizes!"
MINNEAPOLIS, June 27, 2022 /PRNewswire/ -- Minneapolis, MN-based jewelry store Continental Diamond is celebrating their 40th Anniversary with "40 Days of Giveaways!" Over $25,000 in prizes will be given away throughout the 40 Day Celebration.
Since its inception, Continental Diamond has paved a new path in the Minnesota jewelry scene, offering an incredible selection of diamonds, engagement rings, fashion-forward jewelry, watches and gifts. Their team of highly educated and experienced jewelry consultants and service technicians have been widely recognized by the marketplace for quality, trust, expansive selection, and a memorable customer experience, claiming MN Bride Magazine's title of "Best Jeweler" twelve years in a row.
Starting on June 27, 2022, enter to win a daily sweepstakes by visiting their website. Prizes range from jewelry and watches to gift cards that support local businesses! The grand prize is an engagement ring and wedding band valued at over $8,000!
No purchase necessary to enter. Visit their website for full rules and details.
On Thursday and Friday August 4 & 5, Continental Diamond will host an in-store celebration with treats and amazing mark-downs up to 50%!
Visit their website for more details.
At Continental Diamond, our primary goal is to ensure our client's jewelry needs and wishes are fulfilled. We strive to provide a fun, convenient and stress-free shopping experience. Our large selection of jewelry and watches, is coupled with the ultimate in knowledge, fashion and technology.
We welcome you to visit us in our Minneapolis store (1600 Utica Avenue South- Suite 130) and look forward to helping you with all of your jewelry and service needs.
Visit www.ContinentalDiamond.com to learn more.
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SOURCE Continental Diamond | https://www.kxii.com/prnewswire/2022/06/27/continental-diamond-celebrates-40-years-with-40-days-giveaways/ | 2022-06-27T13:05:40Z |
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Activate your digital account | https://www.cantonrep.com/restricted/?return=https%3A%2F%2Fwww.cantonrep.com%2Fstory%2Fsports%2F2022%2F05%2F05%2Fnorth-canton-hoover-vikings-girls-lacrosse-lilly-altman-coach-emily-bergert-federal-league%2F9580334002%2F | 2022-05-05T13:17:20Z |
Company encourages everyone to join fundraiser to provide children of military families with school supplies
BOCA RATON, Fla., June 13, 2022 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service independent mortgage companies and the top VA and top Federal Housing Administration (FHA) (government-insured) lender in the U.S. in 2021, announced the start of its annual Rucksacks to Backpacks campaign to provide school supplies for the children of active-duty military, National Guard members, and Reservists. Money raised from the campaign, now in its 10th year, will enable children in grades K-8 to pick the school supplies they need at distribution events through nine USO (United Service Organizations) centers across the country.
"It is very fulfilling to support the USO and give back, especially when we see the excitement and smiles while children pick up their school supplies," said Stanley C. Middleman, president and CEO of Freedom Mortgage. "We are so proud to celebrate the 10th anniversary of the Freedom Mortgage Rucksacks to Backpacks campaign and provide necessary supplies to thousands of students from military families so they will be ready for a new school year."
Money raised from the fundraiser will benefit USO locations across the U.S., including Arizona, southern and central California, northern Florida, Indiana, Pennsylvania, New Jersey, New York, Washington, DC, Baltimore, South Carolina, and the Dallas-Fort Worth area in Texas.
Each USO will provide the most-needed back-to-school supplies from the money raised and distribute them locally this July and August to meet the needs of their military communities. Since the start of the Rucksacks to Backpacks campaign, Freedom Mortgage has donated nearly 22,000 backpacks and over 57,000 school supplies, including pens, notebooks, and folders.
"We are grateful to Freedom Mortgage for their support and partnership with the USO," said USO Northeast Region President Rebecca Parkes. "Together, we bring great joy to military kids and families across the United States as they get ready for a great start to the school year. The USO thanks the employees, customers, and leadership of Freedom Mortgage for their support of service members and their families."
Before the COVID-19 pandemic, Freedom Mortgage gathered school supplies through collection bins placed throughout the company's offices across the country. In 2020, the company switched to a virtual campaign in which employees purchased backpacks and school supplies online and shipped them directly to individual USO centers. Backpacks were then assembled and distributed at drive-through events at each location.
Last year, Freedom Mortgage only accepted monetary donations and allocated the funds to USO centers to purchase the most needed school supplies. This year, the company will continue to accept monetary donations and also offer employees in three states the option to drop off school supplies in collection bins in their offices.
Freedom Mortgage invites everyone to join in and make an online donation to the Rucksacks to Backpacks campaign (which runs until July 15) to enable USO centers to purchase the exact items that children in their communities need by visiting one.bidpal.net/fmrucksacks22/browse/donation.
Click here to see a short video highlighting this year's fundraiser and moments from the Rucksacks to Backpacks program over the years.
Team Freedom Cares provides Freedom Mortgage employees, family members, friends and customers with opportunities to support their local communities as well as veterans and those currently serving in all branches of the U.S. military and their families. For more information, visit www.teamfreedomcares.org.
The USO strengthens America's military service members by keeping them connected to family, home and country, throughout their service to the nation. At hundreds of locations worldwide, we are united in our commitment to connect our service members and their families through countless acts of caring, comfort and support. The USO is a private nonprofit organization, not a government agency. Our programs, services and entertainment tours are made possible by the American people, support of our corporate partners and the dedication of our volunteers and staff. To join us in this important mission, and to learn more about the USO, please visit USO.org or follow us on Facebook, Twitter and Instagram.
Founded in 1990 and headquartered in Boca Raton, Florida, Freedom Mortgage is a full-service independent mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels. One of the nation's largest non-bank mortgage lenders/services, the company is licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Freedom Mortgage was the #1 VA and #1 FHA (government-insured) lender in the U.S. in 2021 (Inside Mortgage Finance, 2021) and one of the mortgage industry's largest philanthropic supporters of the USO of Pennsylvania and New Jersey. The company is also renowned for its vibrant work environment where all team members can thrive. In 2021, Freedom Mortgage was named one of Newsweek's Most Loved Workplaces as well as Top Workplaces USA. Additionally, the company recently joined the Inc. 5000 Honor Roll for being recognized for the seventh time as one of the fastest-growing companies across the country. Freedom Mortgage's mission is to foster homeownership for all consumers across America. For more information, please visit Freedom Mortgage.
FREEDOM MORTGAGE CORPORATION CONTACTS:
Audrey Shapiro
856-380-9073
Audrey.Shapiro@FreedomMortgage.com
Ellen Longo
609-678-0968
Ellen.Longo@FreedomMortgage.com
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SOURCE Freedom Mortgage Corporation | https://www.kxii.com/prnewswire/2022/06/13/freedom-mortgage-kicks-off-10th-anniversary-rucksacks-backpacks-campaign/ | 2022-06-13T20:02:20Z |
Topeka Zoo puts on first “Brew at the Zoo” since 2019
TOPEKA, Kan. (WIBW) - The Topeka Zoo welcomed the community for a night of beer tasting, games, and live music with Brew at the Zoo on Saturday night. It’s the first time they’ve been able to put on the event since 2019 due to the pandemic.
The event was capped at 2,000 tickets, and sold out earlier in the day on Friday.
Not only was it a night to raise funds for the animals that call the zoo home, but it was a chance for local breweries to get some more exposure for their businesses.
“It’s a great opportunity for those beer vendors and breweries to get some of those labels out there. But for us, it’s a great way to bring everybody together,” said Jared Bednar, the zoo’s Director of Administration and Creative.
The event provided the Topeka community with an opportunity to connect with each other, and have a good time over drinks, food, and all of the entertainment the zoo had to offer.
“Honestly this is what’s awesome. You get to bump into a lot of old friends, neighbors, family, all sorts of people that just love Topeka and love what we have here,” added Bednar.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/26/topeka-zoo-puts-first-brew-zoo-since-2019/ | 2022-06-26T04:06:18Z |
NEW YORK, July 28, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Waste Management, Inc. ("Waste Management" or the "Company") (NYSE: WM) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Waste Management investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020. Follow the link below to get more information and be contacted by a member of our team:
WM investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
WHAT'S NEXT? If you suffered a loss in Waste Management during the relevant time frame, you have until August 8, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/07/28/wm-lawsuit-alert-levi-amp-korsinsky-notifies-waste-management-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-07-28T11:08:40Z |
Chris Hamilton, Paul Wingo, Ray T. Khirallah, Jr. and Grant P. Boston honored for personal injury litigation expertise
DALLAS, Aug. 18, 2022 /PRNewswire/ -- Trial law firm Hamilton Wingo is pleased to announce that four attorneys have been selected to the 2023 edition of Best Lawyers in America, the nation's oldest and one of the most respected peer-review guides to the legal industry.
Since 2019, co-founder Chris Hamilton has earned Best Lawyers recognition for his work representing plaintiffs in personal injury and product liability litigation. Known for tenacious courtroom advocacy, Mr. Hamilton along with attorney Ray T. Khirallah, Jr. recently won a record $7.37 billion negligence verdict against Charter Spectrum. Other successes include a $25 million settlement in a federal False Claims Act case. The legal industry has repeatedly recognized Mr. Hamilton for his expertise with honors on top-lawyer lists such as Texas Super Lawyers.
Firm co-founder Paul Wingo is recognized for his representation of plaintiffs in personal injury litigation, which has resulted in hundreds of millions in recoveries for clients. His work has earned legal industry accolades, such as listings in Texas Super Lawyers and Texas Rising Stars.
Mr. Khirallah joins the Best Lawyers list for the second consecutive year, honored for his expertise in plaintiffs' personal injury litigation. A veteran litigator, he has secured multimillion-dollar verdicts and settlements in oilfield, 18-wheeler and premises liability cases. Mr. Khirallah has earned repeat honors from peers for his legal expertise, including Texas Super Lawyers.
Associate attorney Grant P. Boston is a first-time honoree by Best Lawyers: Ones to Watch for his work with plaintiffs in personal injury litigation. The designation highlights attorneys who have five to nine years in legal practice and exemplify outstanding professional excellence.
The trial lawyers at Hamilton Wingo, LLP, are devoted to representing individuals in high-stakes, complex litigation on a contingent fee basis. They have obtained more than $100 million in verdicts and settlements for clients. For more information, visit hamiltonwingo.com/.
Media Contact:
Sophia Reza
800-559-4534
sophia@androvett.com
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SOURCE Hamilton Wingo, LLP | https://www.mysuncoast.com/prnewswire/2022/08/18/best-lawyers-honors-four-hamilton-wingo-attorneys-among-best-nation/ | 2022-08-18T20:07:21Z |
Red Lobster saves 2nd rare orange lobster in a month
Published: Aug. 10, 2022 at 1:44 PM CDT|Updated: 39 minutes ago
(CNN) – Red Lobster found another crustacean of a different color, and this one won’t become someone’s dinner.
The restaurant chain said it discovered a second orange lobster which is said to be rare – about one out of every 30 million.
The seafood chain said it’s found two in the last month.
An official with Ripley’s Aquarium said lobsters get their coloring from foods they eat, and these two orange lobsters were found in the same part of Mississippi.
Red Lobster named the two Cheddar and Biscuit after their favorite non-fishy side dish.
Biscuit is expected to be on display at Ripley’s Aquarium.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/10/red-lobster-saves-2nd-rare-orange-lobster-month/ | 2022-08-10T19:24:49Z |
Juneteenth Community Celebration!
Published: Jun. 18, 2022 at 12:02 PM EDT|Updated: 22 minutes ago
SARASOTA, Fla. (WWSB) - Juneteenth is known as Independence Day or Freedom Day commemorating the June 19, 1865, announcement of the abolition of slavery in the United States.
More generally the emancipation of enslaved African Americans throughout the former confederate states.
Bradenton, Fl will be hosting a Juneteenth celebration event today containing live entertainment, The Beatdown Band of Tampa, free health screenings, face paintings and so many more fun activities!
This event will be held from 11 a.m. to 4 p.m. and is located at 2601 7th Ave E, Bradenton, FL 34208-3156
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/18/juneteenth-community-celebration/ | 2022-06-18T16:26:49Z |
Centerspace Reports Second Quarter 2022 Financial Results
Published: Aug. 1, 2022 at 3:44 PM CDT|Updated: 2 hours ago
MINNEAPOLIS, Aug. 1, 2022 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today its financial and operating results for the three and six months ended June 30, 2022. The tables below show Net Income, Funds from Operations ("FFO")1, and Core FFO1, all on a per share basis, for the three and six months ended June 30, 2022; Same-Store Revenues, Expenses, and Net Operating Income ("NOI")1 over comparable periods; and Same-Store Weighted-Average Occupancy for each of the three months ended June 30, 2022, March 31, 2022, and June 30, 2021.
Highlights
Net Loss was $0.30 per diluted share for the second quarter of 2022, compared to Net Income of $1.48 per diluted share for the same period of 2021;
Core FFO increased 14.3% to $1.12 per diluted share for the three months ended June 30, 2022, compared to $0.98 for the three months ended June 30, 2021;
Same-store revenues increased by 11.7% for the second quarter of 2022 compared to the second quarter of 2021, driving an 11.5% increase in NOI compared to the same period of the prior year; and
Revised 2022 financial outlook, increasing our guidance range for net loss per share to $0.31 to $0.14 per diluted share. We also increased our same-store NOI growth guidance for 2022 to 10.0% to 12.0%, an increase of 2% over our previous guidance range. This resulted in an increase in the Core FFO guidance range to $4.45 to $4.61 per diluted share.
Balance Sheet
At the end of the second quarter, Centerspace had $196.2 million of total liquidity on its balance sheet, consisting of $183.0 million available under the lines of credit and cash and cash equivalents of $13.2 million.
Revised 2022 Financial Outlook
Centerspace revised its 2022 financial outlook and increased its earnings per share, Core FFO and same-store NOI guidance. For additional information, see S-17 of the Supplemental Financial and Operating Data for the quarter ended June 30, 2022 included at the end of this release. These ranges should be considered in their entirety. The table below reflects the revised outlook.
Earnings Call
Supplemental Information
Supplemental Operating and Financial Data for the quarter ended June 30, 2022 included herein ("Supplemental Information"), is available in the Investors section on Centerspace's website at www.centerspacehomes.com or by calling Investor Relations at 701-837-7104. Non-GAAP financial measures and other capitalized terms, as used in this earnings release, are defined and reconciled in the Supplemental Financial and Operating Data, which accompanies this earnings release.
About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2022, Centerspace owned 83 apartment communities consisting of 14,838 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
Forward-Looking Statements
Certain statements in this press release and the accompanying Supplemental Operating and Financial Data are based on the company's current expectations and assumptions, and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from the results of operations, financial conditions, or plans expressed or implied by the forward-looking statements. Although the company believes the expectations reflected in its forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be achieved. Such risks, uncertainties, and other factors that might cause such differences include, but are not limited to those risks and uncertainties detailed from time to time in Centerspace's filings with the Securities and Exchange Commission, including the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" contained in its Annual Report on Form 10-K for the year ended December 31, 2021, in its subsequent quarterly reports on Form 10-Q, and in other public reports. The company assumes no obligation to update or supplement forward-looking statements that become untrue due to subsequent events.
CENTERSPACE NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (unaudited)
This release contains certain non-GAAP financial measures. The non-GAAP financial measures should not be considered a substitute for operating results determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The definitions and calculations of these non-GAAP financial measures, as calculated by us, may not be comparable to non-GAAP financial measures reported by other REITs that do not define each of the non-GAAP financial measures exactly as Centerspace does.
The company provides certain information on a same-store and non-same-store basis. Same-store apartment communities are owned or in service for substantially all of the periods being compared, and, in the case of newly-constructed properties, have achieved a target level of physical occupancy of 90%. On the first day of each calendar year, Centerspace determines the composition of its same-store pool for that year as well as adjusts the previous year, which allows us to evaluate full period-over-period operating comparisons for existing apartment communities and their contribution to net income. The company believes that measuring performance on a same-store basis is useful to investors because it enables evaluation of how a fixed pool of its communities are performing year-over-year. Centerspace uses this measure to assess whether or not the company has been successful in increasing NOI, renewing the leases on existing residents, controlling operating costs, and making prudent capital improvements.
Reconciliation of Operating Income (Loss) to Net Operating Income
Net operating income, or NOI, is a non-GAAP financial measure which the company defines as total real estate revenues less property operating expenses, including real estate taxes. Centerspace believes that NOI is an important supplemental measure of operating performance for real estate because it provides a measure of operations that is unaffected by depreciation, amortization, financing, property management overhead, casualty losses, and general and administrative expenses. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for common shareholders, or cash flow from operating activities as a measure of financial performance.
* Not a meaningful percentage
* Not a meaningfulpercentage
Reconciliation of Same-Store Controllable Expenses to Total Property Operating Expenses, Including Real Estate Taxes
Same-store controllable expenses exclude real estate taxes and insurance, in order to provide a measure of expenses that are within management's control, and is used for the purposes of budgeting, business planning, and performance evaluation. This is a non-GAAP financial measure and should not be considered an alternative to total expenses or total property operating expenses.
Reconciliation of Net Income (Loss) Available to Common Shareholders to Funds From Operations and Core Funds From Operations
Centerspace believes that FFO, which is a non-GAAP financial measure used as a standard supplemental measure for equity real estate investment trusts, is helpful to investors in understanding its operating performance, primarily because its calculation does not assume that the value of real estate assets diminishes predictably over time, as implied by the historical cost convention of GAAP and the recording of depreciation.
Centerspace uses the definition of FFO adopted by the National Association of Real Estate Investment Trusts, Inc. ("Nareit"). Nareit defines FFO as net income or loss calculated in accordance with GAAP, excluding:
depreciation and amortization related to real estate;
gains and losses from the sale of certain real estate assets; and
impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity.
The exclusion in Nareit's definition of FFO of gains and losses from the sale of real estate assets and impairment write-downs helps to identify the operating results of the long-term assets that form the base of the company's investments, and assists management and investors in comparing those operating results between periods.
Due to the limitations of the Nareit FFO definition, Centerspace has made certain interpretations in applying this definition. The company believes that all such interpretations not specifically identified in the Nareit definition are consistent with this definition. Nareit's FFO White Paper 2018 Restatement clarified that impairment write-downs of land related to a REIT's main business are excluded from FFO and a REIT has the option to exclude impairment write-downs of assets that are incidental to its main business.
While FFO is widely used by Centerspace as a primary performance metric, not all real estate companies use the same definition of FFO or calculate FFO in the same way. Accordingly, FFO presented here is not necessarily comparable to FFO presented by other real estate companies. FFO should not be considered as an alternative to net income or any other GAAP measurement of performance, but rather should be considered as an additional, supplemental measure. FFO also does not represent cash generated from operating activities in accordance with GAAP, nor is it indicative of funds available to fund all cash flow needs, including the ability to service indebtedness or make distributions to shareholders.
Core Funds from Operations ("Core FFO") is FFO as adjusted for non-routine items or items not considered core to business operations. By further adjusting for items that are not considered part of core business operations, the company believes that Core FFO provides investors with additional information to compare core operating and financial performance between periods. Core FFO should not be considered as an alternative to net income, or any other GAAP measurement of performance, but rather should be considered an additional supplemental measure. Core FFO also does not represent cash generated from operating activities in accordance with GAAP, nor is it indicative of funds available to fund the company's cash needs, including its ability to service indebtedness or make distributions to shareholders. Core FFO is a non-GAAP and non-standardized financial measure that may be calculated differently by other REITs and should not be considered a substitute for operating results determined in accordance with GAAP.
Reconciliation of Net Income (Loss) Available to Common Shareholders to Adjusted EBITDA
Adjusted EBITDA is earnings before interest, taxes, depreciation, amortization, gain/loss on sale of real estate and other investments, impairment of real estate investments, gain/loss on extinguishment of debt, gain/loss from involuntary conversion; and other non-routine items or items not considered core to business operations. The company considers Adjusted EBITDA to be an appropriate supplemental performance measure because it permits investors to view income from operations without the effect of depreciation, the cost of debt, or non-operating gains and losses. Adjusted EBITDA is a non-GAAP financial measure and should not be considered a substitute for operating results determined in accordance with GAAP.
Reconciliation of Net Income (Loss) Available to Common Shareholders to FFO and Core FFO
The following table presents reconciliations of Net income (loss) available to common shareholders to FFO and Core FFO, which are non-GAAP financial measures described in greater detail under "Non-GAAP Financial Measures and Reconciliations." They should not be considered as alternatives to net income or any other GAAP measurement of performance, but rather should be considered as an additional, supplemental measure. FFO and Core FFO also do not represent cash generated from operating activities in accordance with GAAP, nor are they indicative of funds available to fund all cash needs, including the ability to service indebtedness or make distributions to shareholders. The outlook and projections provided below are based on current expectations and are forward-looking.
Reconciliation of Operating Income to Net Operating Income
Net operating income, or NOI, is a non-GAAP financial measure which the company defines as total real estate revenues less property operating expenses, including real estate taxes. Centerspace believes that NOI is an important supplemental measure of operating performance for real estate because it provides a measure of operations that is unaffected by depreciation, amortization, financing, property management overhead, casualty losses, and general and administrative expenses. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for common shareholders, or cash flow from operating activities as a measure of financial performance.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/08/01/centerspace-reports-second-quarter-2022-financial-results/ | 2022-08-01T22:26:01Z |
NOTO receives $10,000 match grant toward endowment fund
TOPEKA, Kan. (WIBW) - NOTO leaders made a big announcement Friday.
The district has received a $10,000 match grant. That’s how much money donors Stan and Jody Teeter will match for NOTO’s fundraising.
Redbud Festival kicked off Friday, five weeks filled with music and events, including the NOTO in Bloom gala. NOTO Executive Director Thomas Underwood says proceeds from the gala, and the Teeters’ donation, will go towards an endowment that will fund the district’s long-term operations.
“Once the endowment is set, it’s really to provide funding for our operations, for long-term sustainability of the organization, and for us to continue on so we can continue to support the district,” Underwood said. “I tell people if you’ve not been here for the last month, you need to come down. Because, it’s changed probably, there’s always something new happening in NOTO.”
The Redbud Festival runs through May 7.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/01/noto-receives-10000-match-grant-toward-endowment-fund/ | 2022-04-01T21:56:03Z |
Marshals: Reward for info on escaped inmate, missing officer
FLORENCE, Ala. (AP) — The U.S. Marshals Service said Sunday that it is offering up to $10,000 for information about an escaped inmate and a “missing and endangered” correctional officer who disappeared Friday after the two left a jail in north Alabama.
Casey Cole White, 38, had been jailed on a capital murder charge in the Lauderdale County Detention Center in Florence, Alabama, about 75 miles (121 kilometers) west of Huntsville.
The inmate and assistant director of corrections Vicky White, 56, left the Lauderdale County Detention Center on Friday morning to go to a nearby courthouse, the sheriff’s office said in a Facebook post Saturday. Investigators said the two are not related.
“Casey White is believed to be a serious threat to the corrections officer and the public,” the U.S. marshal for northern Alabama, Marty Keely, said in a statement Sunday.
While in state prison for other crimes in 2020, Casey confessed to the 2015 stabbing death of Connie Ridgeway, WHNT-TV reported.
Vicky White has been with the department 16 years. At a news conference Friday, Singleton said she was armed when she left the jail with the inmate and headed to the courthouse for what she said was a mental health evaluation for Casey White. She was alone with the inmate, which the sheriff said violated department policy.
“Our policy is for any inmate with those kinds of charges to have two sworn deputies escort them. And that did not happen,” Singleton said.
Singleton also said there was no mental health evaluation for the inmate scheduled at the courthouse.
The vehicle the officer and the inmate were in when they left the detention center was found at a nearby shopping center parking lot, according to the sheriff’s office.
Vicky White also told co-workers she had a doctor’s appointment scheduled, which was confirmed but the office said the deputy never showed, the sheriff said. Officials said no one realized the two were missing until about six hours after they left the jail. Deputies tried to contact Vicky White but her phone repeatedly went to voicemail.
Singleton said his department was “aggressively investigating” the incident and would be looking into previous interaction between the two to “see if something else was going on.” Singleton told news outlets that Vicky White had turned in her retirement papers the day before she went missing.
The sheriff told AL.com on Sunday that there were no new developments in the investigation. The Associated Press called the sheriff’s office, but a phone message there said the office was closed Sunday.
The Marshals Service said Casey is 6 feet, 9 inches (2.06 meters) tall and weighs about 260 pounds (118 kilograms). He has brown hair and hazel eyes.
The Marshals Service said people with information about Casey White’s location or Vicky White’s disappearance can call the service at 1-800-336-0102. Anonymous tips may also be submitted through the U.S. Marshals Tip App.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/01/marshals-reward-info-escaped-inmate-missing-officer/ | 2022-05-01T20:45:46Z |
NORWALK, Conn., June 6, 2022 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced today that company leadership will participate in a fireside chat at Stifel's 2022 Cross Sector Insight Conference. They will speak at 9:10 AM ET on Wednesday, June 8, 2022.
The live webcast will be accessible on the Terex Investor Relations website at https://investors.terex.com.
About Terex
Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in construction, maintenance, manufacturing, energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their environmental impact including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all stages of the product life cycle, from initial specification and financing to parts and service support.
Contact Information
Terex Corporation
Randy Wilson
Director, Investor Relations
Phone: 203-221-5415 Email: randy.wilson@terex.com
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SOURCE Terex Corporation | https://www.kxii.com/prnewswire/2022/06/06/terex-present-stifels-2022-cross-sector-insight-conference/ | 2022-06-06T20:31:35Z |
DEERFIELD, Ill., May 31, 2022 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced a three-year project with Minnesota-based District Energy St. Paul to demonstrate a hydrogen-fueled combined heat and power (CHP) system. The project is supported and partially funded by the U.S. Department of Energy and backed by the National Renewable Energy Laboratory.
"Caterpillar is focused on supporting our customers with reliable, sustainable power solutions," said Joe Creed, Caterpillar group president of Energy and Transportation. "This hydrogen demonstration project will enable us to evaluate additional hydrogen fuel options for an existing energy-efficient engine, providing even more possibilities for helping our customers meet their climate-related goals and objectives."
CHP systems from Caterpillar provide both electricity and heat simultaneously, increasing overall efficiency and reducing exhaust emissions. To assess the potential of a hydrogen-fueled CHP system under real-world operating conditions, power and heat from the demonstration project will integrate into District Energy St. Paul's electrical and thermal infrastructure. District Energy St. Paul distributes chilled water and hot water to heat and cool buildings and single-family homes in downtown St. Paul, Minnesota, and adjacent areas.
Scheduled to start early next year, the demonstration project builds on Caterpillar's 35 years of experience with high-hydrogen fuel. The company currently offers a 1250 kW Cat® generator set capable of operating on 100% hydrogen, including fully renewable green hydrogen, on a designed-to-order basis, as well as commercially available power generation solutions from 400 kW to 4.5 MW that can be configured to operate on natural gas blended with up to 25% hydrogen.
About Caterpillar
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels.
Forward-Looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "forecast," "target," "guide," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers' needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment's risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial's customers; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; (xxvi) the duration and geographic spread of, business disruptions caused by, and the overall global economic impact of, the COVID-19 pandemic; and (xxvii) other factors described in more detail in Caterpillar's Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.
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SOURCE Caterpillar Inc. | https://www.kxii.com/prnewswire/2022/05/31/caterpillar-launch-demonstration-project-using-hydrogen-fueled-combined-heat-power-system/ | 2022-05-31T14:07:43Z |
ANAHEIM, Calif. (AP) — Kody Clemens will never catch his father in career strikeouts. When it comes to their first one, though, the kid has the upper hand.
The Detroit Tigers’ rookie utility player — and son of seven-time Cy Young Award winner Roger Clemens — caught Shohei Ohtani looking late in Monday night’s 10-0 loss to the Los Angeles Angels.
Mopping up in the eighth inning, Clemens froze last year’s AL MVP with a 68 mph pitch on the outside corner for his first major league strikeout and gave an exuberant strike three call on the mound.
Ohtani hit two home runs earlier — his sixth multi-homer game of the season.
“I’m just trying to get outs, and for it to come like that is obviously super cool,” Clemens said. “He’s the best player in baseball. So it’s a pretty cool moment for me.”
Grinning ear to ear, the 26-year-old Clemens tossed the souvenir ball into the dugout for safe keeping and is hoping to get it signed by the Angels’ two-way star during the final two days of the series.
“It was a wonderful pitch,” Ohtani said through his interpreter.
By far the hardest one of their encounter, too.
Ohtani fouled off a 54 mph delivery from Clemens, took a 57 mph pitch for a ball and then fouled off a 56 mph offering.
“I mean, obviously can’t do it slow enough for Ohtani. Maybe you can throw it slow and slow and slow and then maybe surprise him with a fastball,” Detroit manager A.J. Hinch said. “Big smile on Kody’s face, and Shohei tipped his cap.”
Those were four of the seven slowest pitches Ohtani has faced this season, according to MLB Statcast. The other three were by Tampa Bay outfielder Brett Phillips, including a 53 mph “fastball” during the Angels’ 12-0 victory on May 12, when Reid Detmers threw a no-hitter for Los Angeles.
Clemens was pitching for the third time in the past seven days to save Detroit’s bullpen with the game out of reach. He worked one inning and allowed one run on three hits.
He has pitched six times this season and given up three runs on 10 hits in six innings.
Roger Clemens had 4,672 strikeouts during his 24-year career, third on the all-time list behind Nolan Ryan and Randy Johnson. The Rocket’s first one came against Cleveland’s Mike Hargrove on May 15, 1984.
“I don’t know how (Kody’s) father would have done against (Ohtani), but he can always say he punched him out,” Hinch said.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-special-k-kody-clemens-gets-ohtani-for-1st-career-strikeout/ | 2022-09-07T01:32:35Z |
Arizona Supreme Court reinstates massive income tax cuts
By BOB CHRISTIE
Associated Press
PHOENIX (AP) — The Arizona Supreme Court says the state’s voters do not have the right to reject a massive income tax cut approved by the Republican-controlled legislature last year. Thursday’s decision means a nearly $2 billion cut that mainly benefits the wealthy is in effect. The high court overturned a lower court judge who sided with education advocates who collected enough signatures under the state’s referendum law to block them from taking effect until voters could weigh in November. But the Supreme Court agreed with the low-tax advocacy group the Arizona Free Enterprise Club’s argument that the tax cut law falls within an exemption to the state constitution blocking referendums if the law affects the “support and maintenance” of the government. | https://localnews8.com/news/ap-national-business/2022/04/21/arizona-supreme-court-reinstates-massive-income-tax-cuts/ | 2022-04-22T03:49:38Z |
CHICAGO (AP) — White Sox manager Tony La Russa is out indefinitely because of an unspecified health issue.
The 77-year-old La Russa missed Tuesday night’s 9-7 loss to Kansas City on the recommendation of his doctors. The team said he is scheduled to undergo additional testing in Arizona with his personal physicians “over the coming days.”
Bench coach Miguel Cairo will continue to serve as acting manager while La Russa is out.
“It’s unbelievably tough,” outfielder Andrew Vaughn said. “We really don’t have much information on what’s going on.”
La Russa’s absence on Tuesday was announced about one hour before the first pitch. The Hall of Famer showed no signs of health issues during his pregame session with reporters and while talking to general manager Rick Hahn and former Oakland Athletics pitching great Dave Stewart before the game.
Right fielder Gavin Sheets spent Tuesday with La Russa and said he was “blindsided” when he learned of his manager’s absence after batting practice.
“I found out on Twitter,” Vaughn said. “I saw that the White Sox posted something, and I was like ‘Oh my goodness. This is crazy.’ And then we had to just go play.”
Cairo said he spoke with La Russa and exchanged text messages Wednesday regarding the lineup and potential in-game matchups before he departed for Arizona.
“I’m going to be calling him whenever I can,” Cairo said. “I’m going to text or call and see how he’s doing. But he will be back.”
La Russa is in the second season of his second managerial stint with Chicago. The team began the year with championship aspirations, but it has been one of baseball’s biggest disappointments.
Heading into the second game of their series against the Royals, the White Sox had dropped five in a row to fall to 63-66. Chants of “Fire Tony! Fire Tony!” have been heard at Guaranteed Rate Field.
“I understand that we want to compete and win and prepare and do the best that we can, and that’s what we get paid to do,” reliever Kendall Graveman said. “But at the end of the day, there’s stuff that I feel is vital and way more important than playing the game of baseball.
“He needs to go be with his family and take care of himself in the moment. I am uncertain what’s going on with the details, but hopefully we’ll hear more in the future and it’s all good news going for him.”
La Russa, who is close friends with White Sox chairman Jerry Reinsdorf, was a surprise hire in October 2020, and he directed to the team to the AL Central title last year.
He started his managing career with the White Sox during the 1979 season. He won the World Series with Oakland in 1989 and St. Louis in 2006 and 2011.
La Russa and Sparky Anderson are the only managers to win the World Series in the American and National leagues.
La Russa was enshrined in Cooperstown in 2014. He got his first major league managing job at age 34 when the White Sox promoted him from Triple-A to replace the fired Don Kessinger. He took over that August and led them to a 522-510 record over parts of eight seasons.
“I can’t be Tony La Russa,” said Cairo, who played for La Russa with the Cardinals. “He’s a Hall of Famer. He’s got a lot of wins. But I’ve learned so much from him.”
Chicago also made four moves before Wednesday night’s matchup with Kansas City. Right-hander Lance Lynn was reinstated from the bereavement list, and catcher Yasmani Grandal was activated from the 10-day injured list. Left-hander Tanner Banks and catcher Carlos Pérez were optioned to Triple-A Charlotte.
Grandal, 33, had been sidelined by a left knee strain. The switch hitter is batting .203 with three homers and 21 RBIs in 74 games this season.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-wsox-manager-la-russa-out-indefinitely-with-health-issue/ | 2022-09-01T03:56:14Z |
HOUSTON, May 19, 2022 /PRNewswire/ -- Moleculin Biotech, Inc., (Nasdaq: MBRX) ("Moleculin" or the "Company"), a clinical stage pharmaceutical company with a broad portfolio of drug candidates targeting highly resistant tumors and viruses, today announced that Walter Klemp, President and Chief Executive Officer of Moleculin, will present at the H.C. Wainwright Global Investment Conference being held May 23-26, 2022 in Miami, FL and virtually.
In addition to the presentation, management will be available to participate in virtual one-on-one meetings with qualified members of the investor community who are registered to attend the conference. For more information, please visit the conference website.
A video webcast of the presentation will be available for viewing on-demand beginning Tuesday, May 24, 2022, at 7:00 AM ET for those registered for the event and will be accessible on the Events page in the Investors section of the Company's website (www.moleculin.com). The webcast replay will be archived for 90 days following the event.
About Moleculin Biotech, Inc.
Moleculin Biotech, Inc. is a clinical stage pharmaceutical company focused on the development of a broad portfolio of drug candidates for the treatment of highly resistant tumors and viruses. The Company's lead program, Annamycin is a next-generation anthracycline designed to avoid multidrug resistance mechanisms with little to no cardiotoxicity. Annamycin is currently in development for the treatment of relapsed or refractory acute myeloid leukemia (AML) and soft tissue sarcoma (STS) lung metastases.
Additionally, the Company is developing WP1066, an Immune/Transcription Modulator capable of inhibiting p-STAT3 and other oncogenic transcription factors while also stimulating a natural immune response, targeting brain tumors, pancreatic and other cancers, and WP1220, an analog to WP1066, for the topical treatment of cutaneous T-cell lymphoma. Moleculin is also engaged in the development of a portfolio of antimetabolites, including WP1122 for the potential treatment of COVID-19 and other viruses, as well as cancer indications including brain tumors, pancreatic and other cancers.
For more information about the Company, please visit www.moleculin.com and connect on Twitter, LinkedIn and Facebook.
Investor Contact:
JTC Team, LLC
Jenene Thomas
(833) 475-8247
MBRX@jtcir.com
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SOURCE Moleculin Biotech, Inc. | https://www.kxii.com/prnewswire/2022/05/19/moleculin-present-hc-wainwright-global-investment-conference/ | 2022-05-19T12:40:03Z |
WATCH: Jon Stewart visits KC, promotes House bill supporting veterans exposed to toxins in war
KANSAS CITY, Mo. (KCTV) - Jon Stewart visited Kansas City on Tuesday and spoke with veterans about the need for congress to pass legislation he and others say is critical for veteran’s care and benefits.
The VFW hosted Stewart along with other Veterans Service Organizations (VSO) and Representative Sharice Davids as part of a “Call on Congress” to pass the Honoring our PACT Act, which aims at providing better care and benefits to veterans who have been exposed to toxic materials while serving.
The event took place at the VFW National Headquarters on 34th Street in Kansas City. There, the supporters of the bill discussed the importance of properly addressing toxic exposure as a cost of war and what this “critical” legislation would mean for service members.
Stewart, an open supporter of this bill and other veteran issues, has a new show on AppleTV+ called “The Problem with Jon Stewart” in which he dedicates his entire first episode to the problems of war and what affects veterans face during and after service.
Other speakers included Matthew “Fritz” Mihelcic, the national Commander-in-Chief for the VFW, Tom Porter with Iraq and Afghanistan Veterans of America, and representatives from the Wounded Warrior Project, Disabled American Veterans, and Burn Pits 360.
Copyright 2022 KCTV. All rights reserved. | https://www.wibw.com/2022/04/19/watch-jon-stewart-visits-kc-promotes-house-bill-supporting-veterans-exposed-toxins-war/ | 2022-04-20T06:30:04Z |
HO CHI MINH CITY, Vietnam, Sept. 5, 2022 /PRNewswire/ -- The online Bingo game is an advanced version of the traditional Bingo game. The objective is to match the numbers on the board to those given by the computer. It's crucial to properly plan the moves because this gain more points while matching multiple digits simultaneously. Players can now really challenge to earn points quickly and win great prizes with the Bingo.Family game.
Bingo.Family - a very unique Play-to-Earn version
The goal of developing the Bingo.Family game is to transform the popular bingo game into an NFT bingo game based on blockchain technology that is simple to use, accessible to the general public, and rewards users' time and effort. This NFT game was created to amuse users and develop into a profitable game with monetary worth.
The Bingo.Family game allows users to compete fairly with one another in the absolute pleasure of bingo games, while also providing real-time rewards by forming an incentive ecosystem for game participation with points and BGOF tokens.
Players can safely manage the points and BGOF tokens obtained from Bingo.Family game rewards in your account and use them to purchase various NFTs and general merchandise at the NFT shopping mall. Players can also cash out at any time by swapping (SWAP) into BGOF tokens designed for in-game transactions and rewards.
Simple steps to play Bingo.Family and increase your values
- To begin, player must first buy their tickets. There are four virtual bingo tickets available from Bingo. Family in the bingo lobby before the game starts: Cherry, Banana, Orange, and Mango.
- Tickets with a high entry fee will have large prizes. When the timer runs out, the game will begin. Tap the number that appears on tickets.
- Keeping up with the pace at which the numbers are called is one of the most difficult aspects of playing in a club or bingo hall. Finding and marking numbers is no easy task when you have to juggle several cards and try to mark them off as soon as you find them, which is why most land-based bingo games require some sort of quiet.
If player is looking for an online game that they can play and have fun with, Bingo.Family is the best option. It is not only for entertainment but also to make a lot of money. After signing up, players can immediately begin playing and winning huge real-world prizes. Connect wallet to the Bingo.Family website to start playing the favorite Bingo game right away. Players can increase their chances of victory by honing the observation skills before a match.
The APK Bingo.Family game is available for download here: https://gameplay.bingo.family/BingoFaimiy.apk
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SOURCE BINGO.FAMILY | https://www.wibw.com/prnewswire/2022/09/05/experience-joyful-fun-amp-earn-rewards-with-top-hit-nft-bingofamily/ | 2022-09-05T06:16:54Z |
KANSAS CITY, Mo., Sept. 7, 2022 /PRNewswire/ -- Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced today the development of The Depot, a 300-unit Class A multifamily community in the Kansas City suburb of Raymore. Thompson Thrift expects to break ground in September and plans to welcome new residents starting in the spring of 2024.
"The suburbs south of Kansas City have seen impressive job and population growth in recent years," said Josh Purvis, managing partner for Thompson Thrift Residential. "There is strong demand for multifamily rental options and The Depot will provide a luxury-living experience with convenient access to the area's major employers as well as a variety of retail and dining options."
Located off Dean Ave and E 171st St, The Depot will offer nine three-story buildings with one-, two- and three-bedroom apartment homes averaging just under 1,000 square feet. Residents will enjoy premium interior finishes including gourmet bar-kitchens with quartz countertops, stainless steel appliances, tiled showers with glass doors, 9-foot ceilings, wood-inspired flooring, walk-in closets with custom wood shelving and full-sized washers and dryers. The luxury-living experience will continue throughout the community with a professionally decorated clubhouse, 24-hour fitness center, resort-style swimming pool and a dog park.
The Depot sits adjacent to the Raymore Galleria, a 400,000-square-foot shopping center anchored by a Wal-Mart, Sam's Club and Lowe's. The property enjoys nearby access to Interstate 49, which will provide residents with easy commutes to neighboring communities and major employers such as Cerner Corporation, Honeywell and Saint Luke's East Hospital.
The multifamily housing market in Raymore is in high demand for new development. During the past 10 years, the rate of population growth within a one-mile radius of the site has been almost double that of the larger Kansas City metro area.
The Depot will be Thompson Thrift's third community in Missouri, joining The Element and Avenue64.
During the past 30 years Thompson Thrift has developed more than $4 billion of ground-up development projects across the Midwest, Southeast and Southwest. The company made a name for itself by being one of the few developers to build Class A residential communities in markets across the country with a variety of conventional, luxury leased villa and townhome-style communities, and has become known as a trusted partner committed to developing high-quality, attractive commercial and multifamily communities.
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
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SOURCE Thompson Thrift | https://www.wibw.com/prnewswire/2022/09/07/thompson-thrift-develop-luxury-multifamily-community-outside-kansas-city-missouri/ | 2022-09-07T15:19:11Z |
-- EmblemHealth returns with its annual series of Citywide Community Health Expos--
NEW YORK, June 28, 2022 /PRNewswire/ -- EmblemHealth, one of the nation's largest nonprofit health insurers, was joined by community leaders and Bronx Brough President Vanesa L. Gibson to kick off its annual Healthier Futures Health and Wellness Expos for 2022. Launched in the Bronx, the fair featured onsite health screenings, vaccinations, community services, and family-friendly entertainment. The series of expos bring the doctor's office directly to the people and provide information on how to get affordable ongoing health care, access to food, and wellness resources.
"At EmblemHealth, we are bringing care straight to the heart of neighborhoods we proudly serve," said Beth Leonard, EmblemHealth Chief Corporate Affairs Officer. "The expos raise health awareness and provide people opportunities to keep up with medical checkups, update their vaccinations, and learn about measures to improve their overall health and wellness. "
As people return to a sense of routine, the expos provide the community with access to essential health care resources that might have been delayed during the height of the pandemic. EmblemHealth created its series of annual health and wellness community expos in 2021 to help eliminate barriers to care by bringing healthcare access deeper into New York City neighborhoods.
EmblemHealth Neighborhood Care center (EHNC) representatives are also onsite to offer their services and to provide awareness regarding the free healthcare resource hubs. At EHNC, community members can easily walk in and or contact these neighborhood centers to get help and information from many local assistance programs, including food resources, physical fitness classes, community programs, and a host of other care resources. Working with EmblemHealth is NYC-based Medley Pharmacy to offer communities COVID and flu vaccinations at the expos. As New Yorkers continue to battle COVID-19, community members can receive the flu vaccine for additional protection and prevention across New York City.
EmblemHealth will be hosting additional Healthier Futures Health and Wellness Expos in Flushing, Queens, Brownsville, Brooklyn, and in Hartford, Connecticut later this summer.
Last year, EmblemHealth partnered with community organizations and local leaders to launch its inaugural Healthier Futures Health and Wellness Expos. The fairs provided thousands of New York residents with care services, including flu and COVID-19 vaccines, health screenings, community resources, and fresh healthy food. Check out the video from last year's expos.
EmblemHealth is one of the nation's largest nonprofit health insurers, with 3.2 million members and an 80-year legacy of serving New York's communities. The company offers a full range of commercial and government-sponsored health plans to employers, individuals, families, and convenient community resources. EmblemHealth partners with top doctors and hospitals to deliver quality, affordable care as a market leader in value-based care. For more information, visit emblemhealth.com.
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SOURCE EmblemHealth | https://www.wibw.com/prnewswire/2022/06/28/emblemhealth-kicks-off-neighborhood-health-amp-wellness-expos/ | 2022-06-28T15:59:21Z |
NEW YORK, May 23, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Li-Cycle Holdings Corp. ("Li-Cycle" or the "Company") (NYSE: LICY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Li-Cycle and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 24, 2022, Blue Orca Capital published a report (the "Report") characterizing the Company as "a near fatal combination of stock promotion, laughable governance, a broken business hemorrhaging cash, and highly questionable Enron-like accounting." According to the Report, "Li-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.
Li-Cycle recognizes revenues months prior to the actual sales of its recycled black mass, based on its own provisional estimate of the future value of the product. This accounting treatment is plainly vulnerable to abuse, giving Li-Cycle discretion over its reported revenues. We suspect that under this framework, LiCycle marks up the value of its receivables on unsold products and runs the gains through its revenue line."
On this news, Li-Cycle's stock price fell $0.47 cents per share, or 5.60% to close at $7.93 per share on March 24, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/05/24/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-li-cycle-holdings-corp-licy/ | 2022-05-24T02:01:58Z |
NEW YORK, June 27, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Enochian Biosciences, Inc. (NASDAQ: ENOB) resulting from allegations that Enochian BioSciences may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Enochian BioSciences securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=6517 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On May 25, 2022, during trading hours, the U.S. Department of Justice (DOJ) announced that Serhat Gumrukçu, the inventor and co-founder of Enochian BioSciences, had been arrested and charged in a murder-for-hire conspiracy.
On this news, Enochian BioSciences's stock fell $2.17, or 37%, to close at $3.70 per share on May 25, 2022, on unusually heavy trading volume, damaging investors
Then, on June 1, 2022, market analyst Hindenburg Research published a report regarding Enochian BioSciences which is entitled "Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of Lies[.]" The report noted that the individual in whose murder Gumrukçu was implicated, Gregory Davis, "was murdered … just 19 days before Gumrukcu was scheduled to appear in court to defend himself against felony fraud allegations related to a 2016 deal with Davis" and that "[f]ederal prosecutors argued that the prospective merger deal that eventually resulted in Enochian going public served as a key motive for the murder." The report also stated that "[u]nbeknownst to investors (but known to Enochian's senior leadership) Gumrukcu's latest arrest for a murder conspiracy is simply the most recent in a string of alleged crimes by Gumrukcu," who "was arrested based on accusations of falsely posing as a doctor" in his native Turkey in 2012 and "[i]n February 2017, Gumrukcu was arrested by authorities after the State of California accused him of a slew of white-collar crimes, including fraud, identity theft, and check kiting - a total of 14 felonies." The report further states that "[w]e have been unable to find any jurisdiction in which Gumrukcu is licensed as a medical doctor" and that "Gumrukcu looks to have purchased a fake Russian medical degree on the black market[.]"
On this news, Enochian's stock fell $1.49, or 28% to close at $3.76 per share on June 1, 2022, damaging investors.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/06/27/top-ranked-rosen-law-firm-encourages-enochian-biosciences-inc-investors-with-losses-inquire-about-class-action-investigation-enob/ | 2022-06-27T19:11:39Z |
Campground, a Web3 social content platform launching in July 2022, is connecting the dots between popular NFT marketplaces and familiar creator platforms like YouTube by giving creators all of the upsides of transacting on a blockchain with ease and comfort of being paid as usual.
NEW YORK , June 30, 2022 /PRNewswire/ -- Blockchain is for All Creators
Campground, whose public beta is launching on July 7th, envisions a world where creators can bootstrap their viral moments, and delivers on this vision by pairing its flexible content creation engine with exceptional creator economics powered by blockchain. Unlike any NFT marketplace or other blockchain-based creator economy solution, creators can be paid as usual via Campground's proprietary system, in fiat currency (USD), directly by their followers, without having to invest in or receive payments in cryptocurrency.
Via "Trails", creators on Campground can create and sell single-step artistic creations like artwork, songs, video tutorials, or comedy sketches, as well as 10-step modern music albums or 1000-step e-learning courses. Access to exclusive content is gated via non-fungible tokens (NFTs) representing access tickets, which may be resold by purchasers on Campground. Creators are paid a royalty on any subsequent transfer.
How to Join
Campground is launching a public beta on July 7th, 2022. Creators who list their content as exclusive content or content-backed NFTs on Campground keep 95% of earned revenue. Early adopters may also apply to receive incentives such as early NFT offering verification, whitelisting for native token sales or drops, and gratis Campground collectible NFTs and perks. Learn more about Campground by visiting campground.co
About Campground
Campground is an innovative web3 platform empowering creators to earn money from monetizing their content in an entirely new way. At Campground, we believe that every creator deserves the benefit of blockchain technology - no crypto, no problem.
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SOURCE Campground | https://www.kxii.com/prnewswire/2022/06/30/no-crypto-no-problem-introducing-campground-first-creator-nft-platform-that-delivers-blockchain-value-via-fiat-currency/ | 2022-06-30T11:11:36Z |
Data shows the issue disproportionately impacts lower-income and non-English speaking communities; Chrysler, Dodge, Jeep and Ram dealers urge drivers to check for dangerous safety recalls & are even giving away $50 prepaid Mastercards if airbag repairs are made
PHOENIX, May 31, 2022 /PRNewswire/ -- More than 190,000 vehicles in Arizona – across all makes and models – have unrepaired, recalled airbags. When exposed over time to heat and humidity, these recalled airbags can transform from life-saving devices to life-threatening ones – in a crash, they could rupture and cause injury or death.
To help keep drivers safe heading into the summer heat, Governor Ducey has joined Check To Protect – in partnership with local Chrysler, Dodge, Jeep and Ram dealers – to designate June as Airbag Recall Repair Month in Arizona. This campaign – taking place statewide – aims to encourage Arizona state drivers of all vehicles to make safety a priority by taking immediate action to prevent serious injury and death. It's critical that every Arizona driver check their vehicle as hot summer weather can increase the risk associated with defective recalled airbags.
In Arizona, this issue disproportionately impacts communities with a higher concentration of English as a second language or low-income vehicle owners. Research shows these communities are less likely to take action to get severe recalls, like the Takata airbag, fixed. This inaction could be due to the communities' low level of recall awareness, lack of an existing relationship with dealers or limited availability for recall repairs due to work or family obligations. Moreover, drivers of older or used vehicles are harder to reach by conventional recall outreach measures and are less likely to know the recall status of their vehicles.
That's why Check to Protect is reminding Arizona drivers that it is fast, free and easy to check for airbag recalls and get them repaired. Here's what drivers need to know:
- Check for Recalls:
- Schedule a FREE repair appointment at a local dealership.
Throughout the state, Check To Protect, dealers and automakers are getting the word out to vehicle owners through mailers, advertising, vehicle and door-to-door canvassing and other outreach. These messages are notifying drivers of open airbag recalls (or encouraging them to check at www.CheckToProtect.org) and urging them to protect themselves and their loved ones by getting these dangerous airbags replaced immediately.
Airbag Recall Repair Month is an effort by Chrysler, Dodge, Jeep and Ram as part of the Check To Protect program. Check To Protect was founded by the National Safety Council and Chrysler, Dodge, Jeep and Ram in 2017. Today, program partners include vehicle safety advocates as well as Ford, General Motors, Toyota, and Volvo. Check To Protect welcomes any automaker or consumer and vehicle safety organization to join the effort to raise awareness for vehicle safety recalls.
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SOURCE Check To Protect | https://www.mysuncoast.com/prnewswire/2022/05/31/governor-ducey-declares-airbag-recall-repair-month-arizona-190000-dangerous-unrepaired-recalled-airbags-arizona/ | 2022-05-31T18:13:24Z |
Good Samaritan who pulls man off tracks surprised with new car
CHICAGO (WLS) – A man is being hailed a hero after jumping into action to save someone who fell off a platform onto transit train tracks in Chicago.
Anthony Perry rescued a man who was nearly unconscious on the electrified rail.
“I was hoping I could just grab him and not feel nothing but I felt a little shock,” Perry said.
With the help of another commuter, Perry administered CPR, saving the man’s life.
The man who was shocked by the electrified rail was taken to the hospital and is expected to survive.
Perry’s reaction was priceless when he was rewarded with a car for his heroic actions.
Philanthropist and businessman Early Walker first pranked the 20-year-old by giving him a gift card for gas, knowing the young man didn’t have reliable transportation before revealing the real surprise of a vehicle he purchased for him.
Perry usually takes a 90-minute commute to his job, but it just got easier with the unexpected gift of a 2008 Audi A6.
The car was delivered to him just a few blocks from where he lives, as members of the community and officers from the Chicago Police Department’s third district looked on in support.
“This is just a prime example of how a young man took it upon himself to jump in and do the right thing,” said Lt. Yolanda Irving.
Copyright 2022 WLS via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/06/09/good-samaritan-who-pulls-man-off-tracks-surprised-with-new-car/ | 2022-06-09T17:43:29Z |
– Webcast to be Held at 8:00 am ET on August 4, 2022 –
NEW YORK, July 28, 2022 /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, today announced that the company will release its financial results for the second quarter ended June 30, 2022, including a corporate update, on Thursday, August 4, 2022, before the opening of the U.S. financial markets. A webcast will follow at 8:00 am ET.
To participate in the webcast, please register in advance at: https://imux.zoom.us/webinar/register/WN_alOspcfoRBWZpGzVMIbfFg or on the "Events and Presentations" section of Immunic's website at: ir.imux.com/events-and-presentations. Registrants will receive a confirmation email containing a link for online participation or a telephone number for dial in access.
An archived replay of the webcast will be available approximately one hour after completion on Immunic's website at: ir.imux.com/events-and-presentations.
About Immunic, Inc.
Immunic, Inc. (Nasdaq: IMUX) is a clinical-stage biopharmaceutical company with a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases. The company is developing three small molecule products: its lead development program, vidofludimus calcium (IMU-838), a selective immune modulator that inhibits the intracellular metabolism of activated immune cells by blocking the enzyme DHODH and exhibits a host-based antiviral effect, is currently being developed as a treatment option for multiple sclerosis, and primary sclerosing cholangitis. IMU-935, a selective inverse agonist of the transcription factor RORγ/RORγt, is targeted for development in psoriasis, castration-resistant prostate cancer and Guillain-Barré syndrome. IMU-856, which targets the restoration of the intestinal barrier function, is targeted for development in diseases involving bowel barrier dysfunction. For further information, please visit: www.imux.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, expected timing and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Immunic's three development programs and the targeted diseases; the potential for Immunic's development programs to safely and effectively target diseases; preclinical and clinical data for Immunic's development programs; the timing of current and future clinical trials and anticipated clinical milestones; the nature, strategy and focus of the company and further updates with respect thereto; and the development and commercial potential of any product candidates of the company. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the COVID-19 pandemic, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, the protection and market exclusivity provided by Immunic's intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned "Risk Factors," in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 24, 2022, and in the company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this press release.
Contact Information
Immunic, Inc.
Jessica Breu
Head of Investor Relations and Communications
+49 89 2080 477 09
jessica.breu@imux.com
US IR Contact
Rx Communications Group
Paula Schwartz
+1 917 322 2216
immunic@rxir.com
US Media Contact
KOGS Communication
Edna Kaplan
+1 617 974 8659
kaplan@kogspr.com
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SOURCE Immunic, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/immunic-inc-announce-financial-results-second-quarter-ended-june-30-2022-provide-corporate-update/ | 2022-07-28T11:04:34Z |
NEW YORK, June 20, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Enservco Corporation ("Enservco" or the "Company") (NYSE: ENSV) and certain of its officers. The class action, filed in the United States District Court for the District of Colorado, and docketed under 22-cv-01267, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Enservco securities between May 13, 2021 and April 18, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Enservco securities during the Class Period, you have until July 19, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Enservco, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States.
Recently, the Company has employed several tactics in an apparent effort to strengthen its balance sheets. For example, in August 2020, Enservco's Board of Directors approved a transaction to, inter alia, exchange 50% of the Company's subordinated debt with Cross River Partners, L.P. ("Cross River Partners"), a related party. Enservco's Chief Executive Officer, Defendant Richard A. Murphy, is managing member of Cross River Capital Management, LLC, the general partner of Cross River Partners. On February 3, 2021, Enservco exchanged the remaining 50% of its subordinated debt with Cross River Partners. In addition, the Company awarded a warrant to Cross River Partners to purchase up to 150,418 additional shares of the Company's common stock in the future at an exercise price of $2.507 per share.
Moreover, during the second quarter of 2021, Enservco amended payroll tax returns originally filed for the third and fourth quarters of 2020 to claim refundable Employee Retention Credits ("ERCs")—a type of tax credit provided for under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act")—for those periods.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Enservco had defective disclosure controls and procedures and internal control over financial reporting; (ii) as a result, there were errors in Enservco's financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for ERCs; (iii) accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the U.S. Securities and Exchange Commission ("SEC"); (iv) the Company downplayed the true scope and severity of its financial reporting issues; (v) accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
On March 28, 2022, Enservco disclosed in an SEC filing that it had "concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021" (collectively, the "Relevant Periods") "should no longer be relied upon largely because of the Company's accounting for a conversion of debt to equity with a related party," namely, Cross River Partners. The Company further advised that it had "misinterpret[ed the] eligibility for certain employee retention tax credits under relevant provisions of the [CARES Act]" and would "amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Periods."
On this news, Enservco's stock price fell $0.45 per share, or 12.3%, to close at $3.21 per share on March 28, 2022.
On March 31, 2022, Enservco disclosed in an SEC filing that it could not timely file the Company's annual report on Form 10-K with the SEC for the quarter and year ended December 31, 2021 because the Company was "in the process of restating [its] financial statements and preparing amendments to its Quarterly Reports on Form 10-Q filings for the Relevant Periods, which must be completed prior to the completion and filing of the [Company]'s Annual Report on Form 10-K for the period ended December 31, 2021."
On this news, Enservco's stock price fell $0.21 per share, or 7.78%, to close at $2.49 per share on April 1, 2022.
On April 4, 2022, Enservco disclosed in an SEC filing that its Chief Financial Officer, Defendant Marjorie A. Hargrave, "is departing the Company and will no longer be an executive officer and employee of the Company effective April 22, 2022."
On this news, Enservco's stock price fell $0.19 per share, or 7.48%, to close at $2.35 per share on April 5, 2022.
On April 11, 2022, Enservco filed amended quarterly reports with the SEC for the Relevant Periods, each of which reported adjusted net losses that increased, and adjusted other income that decreased, significantly for their respective periods.
Then, on April 18, 2022, Enservco disclosed in an SEC filing that the Company "will not be filing its Form 10-K for the fiscal year ended December 31, 2021 within the 15-day extension period provided by the Company's 12b-25 filing" because it "intends to [again] amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Periods."
On this news, Enservco's stock price fell $0.38 per share, or 10.47%, to close at $3.25 per share on April 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/06/20/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-enservco-corporation-class-action-lawsuit-upcoming-deadline-ensv/ | 2022-06-20T06:35:44Z |
Logano watches Ty Gibbs scrap with veteran bemusement
By JENNA FRYER
AP Auto Racing Writer
Joey Logano has had his share of conflict during a career that began with his appointment as “Sliced Bread” upon arrival. He was eager to prove himself and Logano scrapped with just about all of NASCAR’s biggest stars. Now he watches with bemusement as Ty Gibbs, the 19-year-old heir apparent at the Gibbs organization, is struggling after three incidents in the past six Xfinity Series races. Logano says he disagrees with the pit road fight Gibbs had at Richmond with Sam Mayer, but Logano has more grace now than he did when he was fighting for his own reputation. | https://localnews8.com/sports/ap-national-sports/2022/04/12/logano-watches-ty-gibbs-scrap-with-veteran-bemusement/ | 2022-04-12T15:08:39Z |
ATLANTA — Susan G. Komen, the world’s leading breast cancer organization, will hold an in-person “More Than Pink Walk” to raise critical funds that support breast cancer patients and health equity programs, including Susan G. Komen’s Stand for H.E.R — a Health Equity Revolution — a focused initiative to decrease breast cancer disparities in the black community. The walk will be held on Sept. 24 at Lenox Square.
“We look forward to creating a community for those impacted by breast cancer as we gather, in person, for this year’s walk,” Dr. Jamar Jeffers, state executive director at Susan G. Komen, said. Funds raised from the More Than Pink Walk will further Komen’s ability to meet the needs of patients and advance our health equity efforts to break down barriers to quality, timely care that create poor breast health outcomes.”
Komen is pleased to welcome new and returning sponsors this year including Georgia-Pacific, Northside Hospital Cancer Institute, Piedmont Atlanta Hospital, Ford, Insight Global, Georgia Natural Gas, Kroger, KPMG, Wellstar Health System, The Atlanta Braves, UPS, Voya Financial, Workday, United Distributors, Cigna, Anthem BCBS, Regions Bank, Change Healthcare, Publix, Wilmington Trust, Cancer Treatment Centers of America, Regions, Quantum Radiology, Lenox Square, McDonald’s, Mohawk, Coca-Cola, The Westin Buckhead, Cox Media Group, WSB-TV Family 2 Family, and Chick-fil-A.
Participants can expect to enjoy the following at the walk:
— Kids Fun Zone with facepainting and crafts sponsored by Kroger;
— Hope Village, a place for survivors and those living with metastatic breast cancer to gather, sponsored by Georgia Natural Gas;
— Mobile mammography screening sponsored by Quantum Radiology;
— Opening ceremonies entertainment from The Pink Nation Breast Cancer Survivors Choir and the Stayin’ Alive Crew, an over-50’s high-energy dance team.
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Small business insurtech releases growth metrics as it crosses five-year milestone
DENVER, May 18, 2022 /PRNewswire/ -- Pie Insurance ("Pie"), a leading tech-enabled provider of workers' compensation insurance to small businesses, today released its latest figures, highlighting the company's strong and sustainable growth since its founding in 2017.
In the first quarter of 2022, Pie more than doubled its gross written premium over the same period in 2021. Additionally, in the first four months of 2022, Pie increased its annualized run rate premium (ARR) to nearly $300 million. Pie's customer base and partner channel have also continued to grow at an impressive pace. Since the beginning of 2021, Pie has more than doubled its number of policyholders and insurance agency partners.
"There remains an incredible opportunity for disruption in the small business commercial insurance market, and Pie's growth across every facet of the business is a testament to the demand for affordably priced and accessible coverage," said John Swigart, co-founder and CEO of Pie Insurance. "We are focused on delivering positive unit economics driven by an incredibly granular approach to underwriting and pricing, scalable multi-channel distribution, and a world-class team of insurance and technology talent."
Pie's rapid growth is most importantly accompanied by continued strong underwriting results. "It is very common and expected for a new insurance business to have worse than average loss ratios," Swigart continued. "This is driven by typical new business 'penalties' and relatively immature operations compared to incumbents." Pie, however, has been able to buck this trend by achieving claim frequency below industry averages and loss ratios on par with the industry average.
Additional milestones since the beginning of 2021 include:
- Partner expansion: Pie has more than doubled its number of insurance agency partners, now working with more than 2,800 independent agents across the U.S. These channel partners submit over 30,000 applications each month, with over 40 percent submitted through Pie's proprietary API.
- Pie-oneer growth: Pie now has nearly 400 Pie-oneers. Most recently, the company announced key leadership appointments including David Samuels as its first chief commercial officer, Dimitrius King as its first chief claims officer, Kelly North as its vice president of business development, and Jen Straus, Pie's vice president of people operations. The company also announced the addition of Laura Bishop to its board of directors.
- Customer satisfaction: Over the past 12 months, Pie has maintained a policyholder retention rate above 80 percent. The company also consistently receives 5-star ratings from its small business customers and proudly retains an Excellent TrustPilot rating.
- Product and partner enhancements: Pie launched its first Pay-as-you-go solution in January 2022, providing small business owners with a flexible billing option that can reduce upfront costs, improve overall cash flow, and simplify the workers' comp audit experience.
- Customer commitment: In September 2021, Pie unveiled a customer-driven marketing campaign featuring real customers' stories of how switching to Pie insurance saved them money, time, and in some cases prevented them from closing their doors during the pandemic.
About Pie Insurance
Pie Insurance is leveraging technology to transform how small businesses buy and experience commercial insurance, with the goal of making it affordable and as easy as pie. Pie's intense focus on granular, sophisticated pricing, and data-driven customer segmentation enables Pie to match price with risk accurately across a broad spectrum of small business types, which allows Pie to offer more affordable insurance to small business owners. Since 2017, Pie has received over $300M in funding and partnered with over 2,800 agencies nationwide.
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SOURCE Pie Insurance | https://www.mysuncoast.com/prnewswire/2022/05/18/pie-insurance-doubles-premium-number-customers-partners/ | 2022-05-18T13:38:15Z |
Which air ionizer is best?
Indoor air pollution is often more concentrated than outdoor air pollution. According to the Environmental Protection Agency, indoor air pollution can cause eye irritation, runny nose, fatigue and more. An air ionizer is a compact, quiet solution for indoor air pollution. If you’re considering buying an air ionizer, the Invisiclean Aura II Air Purifier is an excellent choice that removes allergens and germs from the air you breathe inside your home.
What to know before you buy an air ionizer
How do air ionizers work?
These devices use negatively-charged ions to attract allergens and pollutants. The negative ions attach to contaminants, causing them to cling to your walls, floor and ceiling. Once the allergens and dirt fall to the floor or stick to your walls, they can be swept up or cleaned.
Ozone generators
Some air ionizers double as ozone generators. Ozone generators are often marketed as a way to clean your air. Still, according to the EPA, these claims tend to be false. Most indoor pollutants take months or years to begin reacting with ozone. Ozone generators can be harmful if used in enclosed spaces. If you decide to buy a device with an ozone generator, it’s best only to use it while you’re away from home.
Coverage
When buying an air ionizer, it’s essential to consider the size of the room you’ll use it in. Many air ionizers cover areas between 50 and 500 square feet. When using one that covers more space than the room where it’s located, you can extend its air purification capabilities to the next room by leaving the door open. Still, it will be more effective in the room in which it’s placed.
Energy-efficiency
Air ionizers can impact your energy costs if you run them continuously. Most air ionizers use less energy than ozone generators or air conditioners. Still, choosing an Energy Star-rated model is an excellent way to ensure you don’t significantly increase your electric bill.
Size
Most ionizers are relatively compact, although some are larger than others. Large ionizers usually purify more air than small ionizers. Still, if you plan to take your ionizer to hotels or work, a smaller model may be a better choice. Small ionizers are ideal for people that don’t want the device to be a prominent feature in their home.
What to look for in a quality air ionizer
Quiet operation
These devices are usually incredibly quiet. More powerful ionizers with numerous types of purification are often louder. Ionizers with multiple filters are typically the loudest, as they require fans to operate. It’s important to consider whether you’re more interested in a quiet device or a powerful device.
Ease of use
Buying a device that’s easy to use will make it more likely that you’ll use it every day. Some ionizers include convenient remotes that let you switch between their various capabilities. A device with a timer makes it easy to control how long the ionizer runs, saving you money and eliminating the need to get up and turn it off.
UV light
UV lights kill harmful bacteria. Ionizers with included UV lights typically blast contaminants with ultraviolet light before cycling the air into your home, killing germs in the process. Because UV lights don’t require fans to operate, this is an excellent way to increase the air purification capabilities without added noise.
HEPA filters
HEPA filters often catch up to 99.99% of the contaminants in your air. Ionizers with these filters are typically the most effective. Still, filters usually increase the amount of noise your device produces, so HEPA filters may not be ideal for everyone.
How much you can expect to spend on an air ionizer
Air ionizers usually cost between $100-$200, depending on the size of the device and number of purification features.
Air ionizer FAQ
Is it healthy to breathe ionized air?
A. According to the EPA, air ionizers indirectly introduce ozone into your air. While this isn’t as concerning as the amount of ozone produced by ozone generators, it can be harmful. It’s good to clean the floors and walls after using an ionizer, as the ionized particles can be reintroduced into your air when agitated. Consider opening a window when using one of these devices, and don’t leave them running all day.
Are ionizers better than purifiers?
A. Ionizers are typically better at removing bacteria, whereas purifiers are better at removing allergens such as pollen. Ionizers with HEPA filters and other purification settings are generally the most effective all around.
How long does an ionizer last?
A. Some ionizers last up to five years, although many quit working correctly after three years. Air ionizer lifespan is often linked to how many contaminants are in your air.
What’s the best air ionizer to buy?
Top air ionizer
Invisiclean Aura II Air Purifier
What you need to know: This features multiple types of purification and a compact design.
What you’ll love: It has a HEPA filter, an ionizer, an activated carbon filter and a UV light. It works for rooms up to 1,276 square feet and is ideal for germs, dust and allergens.
What you should consider: Some of the settings are relatively loud.
Where to buy: Sold by Amazon
Top air ionizer for the money
HoMedics TotalClean Tower Air Purifier With Ionizer
What you need to know: This is portable and ideal for small rooms.
What you’ll love: It features an air ionizer, carbon odor filter and UV light. This includes an essential oil diffuser. It is incredibly quiet.
What you should consider: Most people felt they had to replace the filter often.
Where to buy: Sold by Amazon
Worth checking out
Pure Enrichment PureZone Elite True HEPA Large Room Air Purifier
What you need to know: This automatically adjusts the fan speed as needed.
What you’ll love: It is Energy Star-rated and features a HEPA filter, UV-C light, carbon pre-filter and air ionizer. It has a timer and three speed settings. It covers up to 190 square feet.
What you should consider: It is relatively loud.
Where to buy: Sold by Amazon
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Cody Stewart writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-air-ionizer/ | 2022-05-03T11:12:54Z |
Ribbon cut for Cornerstone’s new housing duplex for low-income families
TOPEKA, Kan. (WIBW) - The construction of a new housing development is officially finished and families are ready to move in.
Cornerstone of Topeka, Inc. hosted a ribbon-cutting ceremony Wednesday, April 20, for its newest four-unit duplex development. The two 3-bedroom and two 2-bedroom units will be leased, as part of their affordable housing program.
According to Dora Coronel, Cornerstone’s housing director, the units are designated for families under 60% of the medium income. She explained that a family of 3 would have to be making less than 40% of the medium income. Therefore, a family of four would have to make less than 45,000 to live in the units, while a family of five would have to make less than 49,000.
Unfortunately, Coronel said the units are already spoken for, but Cornerstone has more than 180 units throughout Topeka.
“We do have a lot of families struggling, especially, single parents that have 2-3 kids, making 13-14 dollars an hour is not enough,” said Coronel. ”That is the reason why we are here to make that happen for those families, so they can have a nice home for their children to live.”
The project was financed by a loan from the City of Topeka’s Department of Planning and Development, and by a private loan from Capitol Federal. Shirley Construction was the project’s General Contractor. However, there could be more potential projects for Cornerstone in the future.
”We have projects coming up for the next 2 to 3 years, so yes we are going to build more with personal loans and working with the city and the state,” said Coronel.
The new units are located on SW Filmore with the two bedrooms costing about $500 a month and the three bedrooms at $550.
Cornerstone said it is a non-profit housing developer and provider committed to revitalizing Topeka neighborhoods while providing affordable housing to low to moderate-income households.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/20/ribbon-cut-cornerstones-new-housing-duplex-low-income-families/ | 2022-04-21T00:21:43Z |
For The Love of Bikes, Bikers, and Brotherhood motorcycle club helps Texoma families in need
SHERMAN, Texas (KXII) - On Saturday, the organization called “For The Love of Bikes, Bikers, and Brotherhood” hosted their fourth annual For Your Brother Run.
The organization said profits go to help families in Texoma who need help bouncing back due to serious injury, illness, or death.
“There’s all trades and all walks of life,” stated Garry Lilly, a member of For The Love of Bikes, Bikers, and Brotherhood. “We just got to be a brotherhood and fellowship with one another.”
Bikers who attended the event gathered to ride their motorcycles toward their favorite hangouts in Texoma. Each pit stop featured its own games and activities. Once the group reached their final destination, the fun had just begun.
“We enjoy doing this event every year,” gushed Carol Engelhaupt, treasurer of For The Love of Bikes, Bikers, and Brotherhood. “We’ve all grown as a family. We strive to help.”
“We’re doing something to give back to our community that gives so much to us,” added Brandi Garner, co-founder and vice president of For The Love of Bikes, Bikers, and Brotherhood.
The motorcyclists ended their journey with live music, barbecue, raffles, and auctions. However, members said the actual excitement was raising funds for the community.
“It’s about the families of the people, of the whole community,” Lilly said. “It’s warming to the heart to be able to help somebody, and help folks out.”
If you are in Texoma and would like to contribute or receive funds, visit fortheloveofbikesbikersandbrotherhood.org.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/09/19/love-bikes-bikers-brotherhood-motorcycle-club-helps-texoma-families-need/ | 2022-09-19T04:19:31Z |
LONDON, May 19, 2022 /PRNewswire/ -- After 5 years of tireless development and countless iterations, IDZ introduces the ID, putting all the control in users' hands, so they can fully own and control their data.
IDZ believes users should own their data and be compensated for it as a human right. They believe the concept of identity goes with the concept of ownership. "Today's consumers need an entity that allows them to fully control all their data and assets", said Joseph Bara, CEO of IDZ.
The ID is intended for individual use, for companies, wearable makers, internet developers and cloud storage providers. The new entity allows users to own things by default. "We believe everyone on the planet will have a new ID in the next few years", said Bara. "A global world needs a global identity hence we have built a privacy-focused, secure ID ecosystem for everyone and for everything, we are proud to introduce the ID ecosystem to the world."
According to IDZ, data ownership is a prerequisite for true decentralisation. Most people believe that decentralisation is the stepping-stone for data ownership - IDZ believes in the opposite. Once data ownership is achieved, decentralisation becomes a passive result. Everything becomes peer-to-peer.
Interested to learn more: Website | Use cases | Twitter | Medium | OpenSea | Rarible | Discord | NFT Calendar | NFT Evening
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SOURCE IDZ | https://www.wibw.com/prnewswire/2022/05/19/idz-announces-id-cornerstone-an-entirely-new-identity-ecosystem/ | 2022-05-19T16:02:11Z |
Testimony to start in Alex Jones’ Sandy Hook damages lawsuit
AUSTIN, Texas (AP) — A Texas jury will hear the first testimony Tuesday in a civil lawsuit to decide how much Infowars host and conspiracy theorist Alex Jones must pay Sandy Hook Elementary School parents for falsely telling his audience that the deadliest classroom shooting in U.S. history was a hoax.
At stake for Jones is a potentially major financial blow that could put his constellation of conspiracy peddling businesses into deeper jeopardy. He has already been banned from YouTube, Facebook and Spotify over violating hate-speech policies.
The trial involving the parents of two Sandy Hook families is only the start for Jones. Damages have yet to be awarded in separate defamation cases for other families of the 2012 massacre in Newtown, Connecticut.
The lawsuits do not ask jurors to award a specific dollar amount against Jones, but in questioning the Texas jury pool on Monday, attorneys for the families suggested they could seek $100 million or more in compensatory and punitive damages.
Opening statements and testimony are set for Tuesday. Family members of the shooting victims and Jones were not in the courtroom when a 12-person jury and four alternates were selected Monday from a jury pool of more than 100.
“We’re very glad the day is here,” said Mark Bankston, attorney for the families suing Jones. “We’re looking forward to telling our clients’ story.”
It’s unclear if Jones will attend any of the scheduled two-week trial. His attorney said Jones has a “medical issue” but did not elaborate.
Initial testimony Tuesday is expected to include Daniel Jewiss, who was the Connecticut State Police lead investigator of Sandy Hook, and Daria Karpova, a producer at Infowars.
In questioning the jury pool, Jones’ attorney Andino Reynal acknowledged Jones is a “very polarizing” and “controversial” figure, but also noted he’d ask the jury to cap damages at $1.
During jury selection, most in the jury pool raised their hand when asked if they had heard of Jones, and nearly two dozen agreed when Reynal asked who among them had a “firm negative impression” of him.
“We’re very happy with the jury we’ve seated,” Reynal said. “It’s a very important First Amendment case. On trial right now is not just people’s freedom of speech, but it’s also people’s freedom to listen. To choose what they watch on television, to make those choices for themselves, instead of having a personal injury lawyer make those choices for them.”
Courts in Texas and Connecticut have already found Jones liable for defamation for his portrayal of the Sandy Hook massacre as a hoax involving actors aimed at increasing gun control. In both states, judges have issued default judgements against Jones without trials because he failed to respond to court orders and turn over documents.
The Texas trial begins about two months after a gunman killed 19 children and two teachers at Robb Elementary School in Uvalde, which is about 145 miles southwest of Austin. It was the deadliest school shooting in the nearly 10 years since Sandy Hook.
The 2012 Connecticut shooting killed 20 first graders and six educators. Families of eight of the victims and an FBI agent who responded to the school are suing Jones and his company, Free Speech Systems.
Jones has since acknowledged that the shooting took place. During a deposition in April, Jones insisted he wasn’t responsible for the suffering that Sandy Hook parents say they have endured because of the hoax conspiracy, including death threats and harassment by Jones’ followers.
Jones claimed in court records last year that he had a negative net worth of $20 million, but attorneys for Sandy Hook families have painted a different financial picture.
Court records show that Jones’ Infowars store, which sells nutritional supplements and survival gear, made more than $165 million between 2015 and 2018. Jones has also urged listeners on his Infowars program to donate money.
___
Associated Press reporter Paul J. Weber contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/26/testimony-start-alex-jones-sandy-hook-damages-lawsuit/ | 2022-07-26T10:56:24Z |
NAVASOTA — Liberty and Lake Belton softball players and coaches walked off the turf on opposite sides of Ira Floyd Field with different sets of emotions Friday following Game 1 of their Class 4A Region III best-of-three final after the Lady Panthers grabbed a 3-1 victory.
Everybody, though, had thoughts along the same lines.
“In my opinion, it may give us a little confidence, but for about 30 minutes. After that, there’s still another day, another game,” Liberty head coach Karen Slack said. “(Lake Belton) can come back with a vengeance. That’s how we did it last year. So, (Friday’s win) means almost nothing. Got to get two.”
That is true.
“That’s why we play a series,” Lake Belton head coach Matt Blackburn said. “They won two against us last year after they lost the first game. You can’t quit. You’re in the regional finals.”
With that in mind, the Lady Broncos (28-6), who had their 18-game winning streak snapped, will aim to even the proceedings during Game 2 that is slated for 2 p.m. today and force a winner-take-all contest 30 minutes after, much like Liberty did a year ago when the teams met in the same round on the same field with the same prize at stake.
The Lady Panthers rebounded from a 3-2 loss with victories of 8-3 and 5-4 on a roller coaster weekend last May, nabbed the trip to the state tournament in Austin then won it. So, the blueprint for the Lady Broncos is there. They just have to channel what they do best, designated player Elaina Herrera said.
“We need to clean stuff up, play like we always play,” the junior said. “We weren’t ourselves tonight, so we just have to fix that and get focused.”
Lake Belton starting pitcher Shelby Schultz took the loss, allowing seven hits while striking out six. Counterpart Kamdyn Chandler surrendered four hits and struck out four for the victory. The two sophomores likely will be back at it for Game 2.
Madison Lux had two hits for Lake Belton, and Kylie Bishop and Chandler went 2-for-3 for Liberty.
The opener of what’s been billed as an anticipated rematch moved swiftly, lasting about 1 hour, 40 minutes. But plenty was packed into that time, right down to the last out.
Trailing 3-1 in the top of the seventh, Lake Belton’s Autumn Holman drew a one-out walk to bring the potential tying run into the batter’s box in the form of Schultz, who peppered a groundball to second baseman Reese Evans. Runner interference was called at second base, which resulted in a double play and the game’s conclusion after a brief discussion.
The Lady Panthers (35-5) took a 1-0 lead in the bottom of the third inning when they loaded the bases with singles by Bryana Pantalion and Bailee Slack, and an error that allowed Evans to reach.
Hollie Thomas’ fly ball that was caught by Lux in foul territory down the right-field line for the second out was deep enough for Pantalion to tag and score from third for the opening run.
Lake Belton third baseman Angie DeLeon, who in the second inning threw out a runner at home, tossed in an offensive contribution in the fourth, popping an RBI double off the wall in left-center to tie it at 1.
Chandler, however, got Zakayia Fredrick to bounce one back to the circle for the third out, stranding runners on second and third. Lake Belton left six runners on in all.
“She comes up with some magic sometimes in pressure situations, just because of the guts she has,” Karen Slack said of Chandler. “She gets a little meaner when they’re on base.”
Reagan Williamson’s RBI double in the fourth made it 2-1, and it was 3-1 in the fifth after Bishop’s RBI single.
“We had a lack of focus at moments and discipline at the plate — two things that we’ve done well all year long,” Blackburn said. “We had a slipup. Backs are against the wall. Fight or quit. That’s kind of my message to them. That’s what will determine tomorrow.”
Because, again, it takes two.
“It’s a brand-new day, like we didn’t do anything today,” Karen Slack said. | https://www.tdtnews.com/sports/article_d1b33660-de26-11ec-acb2-9333eb5a0dd1.html | 2022-05-28T04:06:10Z |
Business Activity Index at 55.5%; New Orders Index at 60.1%; Employment Index at 54%; Supplier Deliveries Index at 63.4%
TEMPE, Ariz., April 5, 2022 /PRNewswire/ -- Economic activity in the services sector grew in March for the 22nd month in a row — with the Services PMI® registering 58.3 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In March, the Services PMI® registered 58.3 percent, 1.8 percentage points higher than February's reading of 56.5 percent. The Business Activity Index registered 55.5 percent, an increase of 0.4 percentage point compared to the reading of 55.1 percent in February, and the New Orders Index figure of 60.1 percent is 4 percentage points higher than the February reading of 56.1 percent.
"The Supplier Deliveries Index registered 63.4 percent, 2.8 percentage points lower than the 66.2 percent reported in February. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)
"The Prices Index registered 83.8 percent, up 0.7 percentage point from the February figure of 83.1 percent and its second-highest reading ever, behind December 2021 (83.9 percent). Services businesses are continuing to replenish inventories, as the Inventories Index expanded for a second straight month; the reading of 51.7 percent is up 0.9-percentage point from February's figure of 50.8 percent. The Inventory Sentiment Index (40.2 percent, down 15.1 percentage points from February's reading of 55.3 percent) returned to contraction in March, indicating that inventories are in 'too low' territory and not meeting current business requirements."
Nieves continues, "According to the Services PMI®, 17 industries reported growth. The composite index indicated growth for the 22nd consecutive month after a two-month contraction in April and May 2020. Growth continues for the services sector, which has expanded for all but two of the last 146 months. There was an uptick in business activity in March, but respondents have indicated that they continue to be impacted by capacity constraints, logistical challenges and inflation. Labor shortages have eased slightly, as COVID-19 cases have declined and public-health restrictions have been relaxed. Geopolitical concerns — particularly the Russia/Ukraine war, which has impacted material costs, most notably fuel and chemical prices — have created uncertainty for many businesses."
INDUSTRY PERFORMANCE
The 17 services industries reporting growth in March — listed in order — are: Educational Services; Arts, Entertainment & Recreation; Utilities; Construction; Wholesale Trade; Accommodation & Food Services; Other Services; Real Estate, Rental & Leasing; Information; Transportation & Warehousing; Public Administration; Retail Trade; Management of Companies & Support Services; Finance & Insurance; Professional, Scientific & Technical Services; Mining; and Health Care & Social Assistance. The only industry reporting a decrease in March is Agriculture, Forestry, Fishing & Hunting.
WHAT RESPONDENTS ARE SAYING
- "Supply chain challenges continue at about the same levels as last month. Employment has improved as COVID-19 cases are declining. Restaurant sales have improved since Valentine's Day, with mask and vaccine verification mandates being dropped." [Accommodation & Food Services]
- "Grain and fertilizer prices are near all-time highs, resulting in decreased purchasing." [Agriculture, Forestry, Fishing & Hunting]
- "Labor and inflation continue to push costs higher across the board for food and food-service supplies." [Educational Services]
- "Pricing pressures are stronger than ever due to the Russia-Ukraine [war], and energy costs are skyrocketing." [Construction]
- "Supply chain disruptions are still a problem due to reduced allocations and manufacturer back orders. Demand continues to outpace manufacturing capacity." [Health Care & Social Assistance]
- "Energy costs are putting a pinch on all suppliers. We have received many surcharge notices." [Information]
- "Concerns over inflation and rising energy prices are causing our company to take a cautious approach, especially related to planned capital expenditures." [Management of Companies & Support Services]
- "Long lead times for electronic components are becoming normal and expected. Chemical deliveries are often delayed due to a lack of qualified hazardous materials drivers." [Public Administration]
- "Global supply chain issues continue to disrupt chip supply, which is suppressing production of new vehicles." [Retail Trade]
- "We are still seeing raw material subcomponent shortages, transportation delays and price increases." [Utilities]
- "Constrained supply of many key product groups continues. Inflation worsening. Overall sales and profitability continue to be strong." [Wholesale Trade]
Services ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Employment and Prices indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Inventories indexes.
**Number of months moving in current direction.
COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY
Commodities Up in Price
Aluminum Products (4); Butter; Chicken (7); Corrugated Boxes; Copper; Diesel Fuel (16); Electrical Components (14); Electronic Components (4); Energy; Food Products; Freight (11); Fuel (15); Fuel Related Products; Gasoline (16); Gasoline Related Products; Labor (16); Labor — Temporary (2); Lumber (3); Metal Based Products; Natural Gas; Office and Computer Supplies; Oriented Strand Board (OSB) (2); Paper (2); Paper Products (4); Petroleum; Pharmaceuticals; Plastic Products (8); Polyvinyl Chloride (PVC) Products (7); Propane; Resin Based Products; Stainless Steel Products; Steel Products* (15); and Transportation Costs (2).
Commodities Down in Price
Beef; Nitrile Gloves; and Steel Products*.
Commodities in Short Supply
Appliances; Blood Collection Tubes (2); Chips; Computers and Peripherals (3); Construction Materials; Dialysate (2); Diesel; Electronic Components (4); Food Products; IV Tubing (2); Labor (8); Labor — Temporary; Needles and Syringes (3); Packaging; Paper Products; Plastic Pipe; Printers; Resin Based Products; and Steel Products.
Note: The number of consecutive months the commodity is listed is indicated after each item. *Indicates both up and down in price.
MARCH 2022 SERVICES INDEX SUMMARIES
Services PMI®
In March, the Services PMI® registered 58.3 percent, a 1.8-percentage point increase compared to the February reading of 56.5 percent. The 12-month average is 62.3 percent, which reflects consistently strong growth in the services sector. The March reading indicates the services sector grew for the 22nd consecutive month after two months of contraction and 122 months of growth before that. A reading above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates the services sector is generally contracting.
A Services PMI® above 50.1 percent, over time, generally indicates an expansion of the overall economy. Therefore, the March Services PMI® indicates expansion for a 22nd straight month following two months of contraction and a preceding period of 122 months of growth. Nieves says, "The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for March (58.3 percent) corresponds to a 3-percent increase in real gross domestic product (GDP) on an annualized basis."
SERVICES PMI® HISTORY
Business Activity
ISM®'s Business Activity Index registered 55.5 percent in March, an increase of 0.4 percentage point from the reading of 55.1 percent in February, indicating growth for the 22nd consecutive month. Comments from respondents include: "Customer demand high due to decreasing COVID-19 restrictions" and "Continued demand in the housing market driving sales for remodels and new home builds."
The 13 industries reporting an increase in business activity for the month of March — listed in order — are: Arts, Entertainment & Recreation; Educational Services; Wholesale Trade; Other Services; Utilities; Accommodation & Food Services; Information; Construction; Public Administration; Transportation & Warehousing; Finance & Insurance; Management of Companies & Support Services; and Professional, Scientific & Technical Services. The two industries reporting a decrease in business activity for the month of March are: Agriculture, Forestry, Fishing & Hunting; and Health Care & Social Assistance.
New Orders
ISM®'s New Orders Index registered 60.1 percent, up 4 percentage points from the February reading of 56.1 percent. New orders grew for the 22nd consecutive month after two months of contraction and a preceding period of 128 months of expansion. Comments from respondents include: "Substantial increase in guest traffic over the last month" and "March and April bookings looking good."
Fifteen industries reported growth of new orders in March, in the following order: Arts, Entertainment & Recreation; Educational Services; Wholesale Trade; Management of Companies & Support Services; Real Estate, Rental & Leasing; Utilities; Mining; Other Services; Construction; Information; Accommodation & Food Services; Professional, Scientific & Technical Services; Finance & Insurance; Public Administration; and Transportation & Warehousing. The two industries reporting a decrease in new orders in March are: Agriculture, Forestry, Fishing & Hunting; and Health Care & Social Assistance.
Employment
Employment activity in the services sector grew in March after contracting in February. ISM®'s Services Employment Index registered 54 percent in March, up 5.5 percentage points from the reading of 48.5 percent registered in February. Comments from respondents include: "Labor shortages seem to be improving as omicron has waned" and "Hiring back to normal levels."
The 13 industries reporting an increase in employment in March — listed in order — are: Accommodation & Food Services; Arts, Entertainment & Recreation; Construction; Transportation & Warehousing; Real Estate, Rental & Leasing; Educational Services; Wholesale Trade; Retail Trade; Finance & Insurance; Professional, Scientific & Technical Services; Public Administration; Utilities; and Health Care & Social Assistance. The five industries that reported a reduction in employment in March are: Mining; Management of Companies & Support Services; Agriculture, Forestry, Fishing & Hunting; Other Services; and Information.
Supplier Deliveries
The Supplier Deliveries Index registered 63.4 percent, down 2.8 percentage points from the 66.2 percent registered in February. A reading above 50 percent indicates slower deliveries, while a reading below 50 percent indicates faster deliveries. Comments from respondents include: "Significant number of back orders due to raw materials shortages and logistical challenges with ships and trucks" and "Suppliers are extending lead times due to material and labor shortages, as well as the resulting capacity shortfalls."
The 16 industries reporting slower deliveries in March — listed in order — are: Other Services; Retail Trade; Utilities; Educational Services; Information; Construction; Real Estate, Rental & Leasing; Mining; Public Administration; Transportation & Warehousing; Agriculture, Forestry, Fishing & Hunting; Management of Companies & Support Services; Health Care & Social Assistance; Wholesale Trade; Accommodation & Food Services; and Finance & Insurance. The only industry reporting faster supplier deliveries in March is Professional, Scientific & Technical Services.
Inventories
The Inventories Index grew in March for the second consecutive month after eight preceding months of contraction. The reading of 51.7 percent was a 0.9-percentage point increase from the 50.8 percent reported in February. Of the total respondents in March, 46 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "COVID-19 impact on products has us carrying more material" and "Lead times are increasing, so we are increasing stock to ensure we have adequate supply of critical and higher-usage items."
The eight industries reporting an increase in inventories in March — listed in order — are: Mining; Retail Trade; Arts, Entertainment & Recreation; Utilities; Educational Services; Accommodation & Food Services; Wholesale Trade; and Professional, Scientific & Technical Services. The three industries reporting a decrease in inventories in March are: Information; Agriculture, Forestry, Fishing & Hunting; and Health Care & Social Assistance. Seven industries indicated no change in inventories in March.
Prices
Prices paid by services organizations for materials and services increased in March for the 58th consecutive month, with the index registering 83.8 percent, 0.7 percentage point higher than the February figure of 83.1 percent. This is its second-highest reading ever, behind the seasonally adjusted figure of 83.9 percent registered in December 2021.
All 18 services industries reported an increase in prices paid during the month of March, in the following order: Construction; Management of Companies & Support Services; Mining; Transportation & Warehousing; Utilities; Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Information; Wholesale Trade; Arts, Entertainment & Recreation; Educational Services; Public Administration; Other Services; Retail Trade; Professional, Scientific & Technical Services; Accommodation & Food Services; Health Care & Social Assistance; and Finance & Insurance.
NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.
Backlog of Orders
The ISM® Services Backlog of Orders Index grew in March for the 15th consecutive month. The index registered 64.5 percent, a 0.3-percentage point increase compared to the February reading of 64.2 percent. Of the total respondents in March, 43 percent indicated they do not measure backlog of orders. Respondent comments include: "More back orders on supplies, especially plastic products" and "Higher backlog due to constraints in materials."
The 11 industries reporting an increase in order backlogs in March — listed in order — are: Real Estate, Rental & Leasing; Utilities; Construction; Management of Companies & Support Services; Retail Trade; Educational Services; Transportation & Warehousing; Professional, Scientific & Technical Services; Health Care & Social Assistance; Public Administration; and Wholesale Trade. The only industry that reported a decrease in backlogs in March is Arts, Entertainment & Recreation.
New Export Orders
Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based companies grew in March for the second consecutive month after contracting in January for the first time in 12 months. The New Export Orders Index registered 61 percent, an 8-percentage point increase from the 53 percent reported in February. Of the total respondents in March, 75 percent indicated they do not perform, or do not separately measure, orders for work outside of the U.S.
The nine industries reporting an increase in new export orders in March — listed in order — are: Real Estate, Rental & Leasing; Utilities; Agriculture, Forestry, Fishing & Hunting; Arts, Entertainment & Recreation; Accommodation & Food Services; Wholesale Trade; Finance & Insurance; Information; and Transportation & Warehousing. The three industries reporting a decrease in new export orders in March are: Mining; Construction; and Educational Services. Six industries indicated no change in new export orders March.
Imports
The Imports Index contracted in March after five previous months of growth, registering 45 percent, down 6.7 percentage points from February's figure of 51.7 percent. Sixty-six percent of respondents reported that they do not use, or do not track the use of, imported materials.
The seven industries reporting an increase in imports for the month of March — listed in order — are: Public Administration; Utilities; Transportation & Warehousing; Accommodation & Food Services; Wholesale Trade; Information; and Professional, Scientific & Technical Services. The five industries that reported a decrease in imports in March are: Real Estate, Rental & Leasing; Mining; Agriculture, Forestry, Fishing & Hunting; Retail Trade; and Health Care & Social Assistance. Six industries reported no change in imports in March.
Inventory Sentiment
The ISM® Services Inventory Sentiment Index contracted in March for the 11th time in the last 12 months, registering 40.2 percent, a 15.1-percentage point decrease from February's figure of 55.3 percent. This reading indicates that respondents feel their inventories are too low when correlated to business activity levels. The 15.1 percentage point decrease between February and March is the largest decrease recorded for the Inventory Sentiment Index since its inception in 1997.
The five industries reporting sentiment that their inventories were too high in March are: Arts, Entertainment & Recreation; Other Services; Educational Services; Health Care & Social Assistance; and Utilities. The eight industries reporting a feeling that their inventories were too low in March — listed in order — are: Real Estate, Rental & Leasing; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Transportation & Warehousing; Construction; Wholesale Trade; Public Administration; and Professional, Scientific & Technical Services.
About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of March 2022.
The data presented herein is obtained from a survey of supply executives in the services sector based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.
Data and Method of Presentation
The Services ISM® Report On Business® (formerly the Non-Manufacturing ISM® Report On Business®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Services Business Survey Committee (formerly Non-Manufacturing Business Survey Committee) is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). The Services Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2020 GDP (released December 22, 2021), the six largest services sectors are: Real Estate, Rental & Leasing; Government; Professional, Scientific, & Technical Services; Health Care & Social Assistance; Information; and Finance & Insurance. Beginning in February 2020 with January 2020 data, computation of the indexes is accomplished utilizing unrounded numbers.
Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.
The Services PMI® is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.
A Services PMI® above 50.1 percent, over time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 50.1 percent, it is generally declining. The distance from 50 percent or 50.1 percent is indicative of the strength of the expansion or decline.
The Services ISM® Report On Business® survey is sent out to Services Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. ISM® then compiles the report for release on the third business day of the following month.
The industries reporting growth, as indicated in the Services ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.
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About Institute for Supply Management®
Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM Report On Business®, its highly regarded certification programs and the ISM Advance® Digital Platform. This report has been issued by the association since 1931, except for a four-year interruption during World War II.
The full text version of the Services ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET.
The next Services ISM® Report On Business® featuring April 2022 data will be released at 10:00 a.m. ET on Wednesday, May 4, 2022.
*Unless the New York Stock Exchange is closed.
Contact: Kristina Cahill
Report On Business® Analyst
ISM®, ROB/Research Manager
Tempe, Arizona
+1 480.455.5910
Email: kcahill@ismworld.org
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All amounts are in U.S. dollars unless otherwise indicated.
VANCOUVER, BC, Aug. 12, 2022 /PRNewswire/ - Maverix Metals Inc. ("Maverix" or the "Company") (NYSE American: MMX) & (TSX: MMX) is pleased to announce operating and financial results for the second quarter ended June 30, 2022.
- Revenue of $14.2 million;
- Gold equivalent ounces ("GEOs") sold of 7,6491;
- Cash flow from operating activities of $8.0 million;
- Cash flow from operating activities, excluding changes in non-cash working capital, of $9.6 million1;
- Average cash cost per GEO of $236, resulting in a cash operating margin of 87% or $1,620 per ounce1;
- Net income of $2.8 million, or $0.02 per share;
- Adjusted net income of $4.0 million1, or $0.03 per share; and
- Orla Mining Ltd. ("Orla") declared commercial production at its Camino Rojo mine, where Maverix holds a 2% NSR royalty.
For complete details please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three and six months ended June 30, 2022, available on SEDAR (www.sedar.com), EDGAR (www.sec.gov) or on Maverix's website (www.maverixmetals.com).
To listen to Maverix's President, Ryan McIntyre, discuss the second quarter results please use this link: Q2 2022 Results
On July 21, 2022, Polymetal International plc ("Polymetal") announced that production targets were achieved for the second quarter. In Q2, the Omolon mine produced approximately 43,000 ounces of gold and 100,000 ounces of silver. However, international sanctions against Russia continue to have a material impact on sales, procurement and logistics. Restrictions in the second quarter forced Polymetal to reduce shipments of gold creating a gap between sales and production. Maverix reports revenue and GEOs based on ounces sold and not produced and, therefore, recognized almost none of the approximately 1,100 attributable GEOs produced in the second quarter. Polymetal has noted that the gap between sales and production will likely be closed in the third quarter as it ramps up export sales to various Asian markets, but the exact timing is difficult to judge. Polymetal has reiterated its production guidance for the year, however, it did note a risk of underperformance given persistent lockdowns in Asia. Maverix understands that proactive contingency planning has been initiated by Polymetal to maintain business continuity in the event of adverse developments, but no assurances can be made in this regard. The conflict between Russia and Ukraine and any restrictive actions that have or may be taken in response thereto, such as sanctions, export and or currency controls, could have negative impacts on Polymetal's ability to continue operation of Omolon and Polymetal's ability to make payments to the Company. Maverix continues to work with Polymetal to effect payment of royalties from Omolon in a way that does not breach any relevant sanctions. At June 30, 2022, the Company's accounts receivable related to its Omolon royalty interest is $4.4 million.
For more information, please refer to polymetalinternational.com and see the news releases dated July 21, 2022, June 23, 2022 and April 25, 2022.
Given the ongoing uncertainty relating to the Omolon royalty, Maverix is excluding Omolon GEOs from its outlook for the second half of 2022. Excluding any contribution from Omolon in the second half, we expect 28,000 to 31,000 GEOs attributable for 2022, which compares to the previously announced guidance of 32,000 to 35,000 attributable GEOs1 for 2022, inclusive of GEOs attributable to the Omolon royalty.
Dan O'Flaherty, CEO of Maverix, commented, "Maverix's portfolio had a steady second quarter related to underlying production and we welcomed Orla's declaration of commercial production at its Camino Rojo mine. There were also several meaningful developments at other assets within our portfolio, related to ongoing exploration efforts and mineral resource updates, some of which are described below. However, given the ongoing uncertainty relating to our Omolon royalty, we believe it is prudent to exclude Omolon GEOs from our outlook for the second half of 2022. As inflation continues to impact the operating and capital costs of mining companies, our diversified high-margin royalty and stream portfolio is well-positioned to reduce exposure to rising costs and other global supply chain issues. With the challenging equity and debt market conditions, we continue to evaluate several new opportunities to deploy our capital in a financially disciplined manner to bolster our portfolio and generate attractive rates of return for our investors."
Camino Rojo (2% NSR)
Orla Mining Ltd. ("Orla") declared commercial production at its Camino Rojo oxide mine effective April 1, 2022, after a successful commissioning period which included the ramp up of mining and processing to sustained throughput levels. In the second quarter, Camino Rojo had record quarterly gold production of 25,672 ounces. Camino Rojo's processing throughput for the quarter averaged 18,245 tonnes per day, exceeding nameplate capacity of 18,000 tonnes per day.
For more information, please refer to orlamining.com and see the news release dated July 11, 2022.
Beta Hunt (4.75% Gold Royalty and 1.5% Nickel Royalty)
On July 19, 2022, Karora Resources Inc. ("Karora") announced the drilling of the highest grade interval to date at Beta Hunt's Larkin Zone, 29.8 grams per tonne ("g/t") gold over 7.8 metres, as part of its ongoing underground diamond drill program at Beta Hunt. Results from the drilling program support and extend the mineralization already defined by the current Larkin mineral resource and provide strong encouragement for potential high-grade mineralization to continue at depth. Work on the second decline at Beta Hunt continues to track on budget, and ahead of schedule, with expected completion in Q1 2023.
On May 11, 2022, Karora announced an updated nickel measured and indicated resource estimate for Beta Hunt that showed an increase of 22% to 19,600 tonnes of nickel and an increase in the nickel inferred resource of 52% to 13,200 tonnes of nickel. The significant addition includes the Maiden 50C Trend resource comprising a measured and indicated resource of 153,000 tonnes at 2.8% nickel for 4,300 tonnes of nickel and an inferred mineral resource of 124,000 tonnes at 3.1% nickel for 3,800 tonnes of nickel. The 50C Trend is part of the Gamma Block Nickel mineral resource which is defined over 800 metres of strike with potential to extend a further 1.8 kilometres to 2.6 kilometres along strike. The updated mineral resource will be used to support a preliminary economic assessment of expanded nickel production at Beta Hunt.
For more information, please refer to karoraresources.com and see the news releases dated July 19, 2022, July 14, 2022 and May 11, 2022.
South Railroad (2% NSR)
On June 13, 2022, Orla announced the acquisition of Gold Standard Ventures Corp. ("Gold Standard"). Gold Standard's primary asset is its high-quality, open pit, heap leach South Railroad project located in the prolific Carlin trend in Nevada. Gold Standard previously released the results of a robust feasibility study on South Railroad which outlines a 10.5 year mine life with total gold production of over one million ounces and average annual gold production of 124,000 ounces.
For more information, please refer to goldstandardv.com and see the news release dated June 13, 2022.
McCoy-Cove (1.5% + 2.0% NSR)
On July 21, 2022, i-80 Gold Corp. announced that the underground, advanced-exploration, program at the McCoy-Cove project is progressing according to plan. The Cove mine portal has been collared and more than 300 metres of the decline has been constructed. The Phase 1 program will include the construction of an initial level with multiple drill bays to provide access for upgrading resources. Approximately 40,000 metres of underground definition and expansion drilling is anticipated to commence in Q4 2022 followed by a feasibility study anticipated to be completed in 2023.
For more information, please refer to i80gold.com and see the news release dated July 21, 2022.
Panton (2.0% NSR on Platinum Group Metals ("PGM"))
On June 21, 2022, Future Metals NL ("Future Metals") announced an updated mineral resource estimate for the Panton PGM-Nickel project ("Panton") of 5.0 million ounces of palladium, platinum and gold and 238 thousand tonnes of nickel, at a grade of 1.66 g/t palladium equivalent. The updated resource confirms the Panton deposit to be of a global scale and the second largest PGM deposit in Australia. Future Metals continues to progress the metallurgy work at Panton and are able to move towards a scoping study to make a preliminary assessment on the best path forward.
For more information, please refer to future-metals.com.au and see the news release dated June 21, 2022.
Maverix has published its 2022 Asset Handbook, which provides detailed information on the Company's diverse portfolio of 125 royalties and streams. The document is available on the Company's website at maverixmetals.com.
The Company is pleased to announce that its Board of Directors has approved the payment of the quarterly cash dividend of $0.0125 per common share. The dividend will be paid on or about September 15, 2022, to shareholders of record as of the close of business on August 31, 2022.
The dividend is designated as an "eligible dividend" for the purposes of the Income Tax Act (Canada). Dividends paid by Maverix to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes. The declaration, timing, amount and payment of future dividends remains at the discretion of Maverix's Board of Directors.
Brendan Pidcock, P.Eng., is Vice President, Technical Services for Maverix, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical disclosure contained in this news release.
Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 120 assets. Maverix's mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE American and the TSX under the symbol "MMX".
Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Maverix has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") under subpart 1300 of Regulation S-K ("S-K 1300"). The terms "mineral resource" and "inferred mineral resource" used in this press release or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council. While the terms are substantially similar to the same terms defined under S-K 1300 there are differences in the definitions. Accordingly, there is no assurance any mineral resources that the Company may report under NI 43-101 will be the same as resource estimates prepared under the standards adopted under S-K 1300. Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, the Company is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this press release concerning descriptions of mineralization and mineral resources under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.
Maverix has included certain performance measures in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including adjusted net income, total GEOs sold, average realized gold price per GEO, average cash cost per GEO, cash operating margin and cash flow from operating activities excluding changes in non-cash working capital. Adjusted net income is calculated by excluding the effects of the non-cash cost of sales related to the prepaid gold interests, non-cash change in fair value of the prepaid gold interests, other income/expenses, impairment charges, gains/(losses) on sale or amendments of royalty and streams and unusual non-recurring items. The Company believes that adjusted net income is a useful measure of the Company's performance because it adjusts for items which may not relate to or have a disproportionate effect on the period in which they are recognized, impact the comparability of our core operating results from period to period, are not always reflective of the underlying operating performance of our business and/or are not necessarily indicative of future operating results. The Company's royalty revenue and silver sales are converted to a GEO basis by dividing the royalty revenue and silver sales for a period by the average gold price based on the LBMA Gold Price PM Fix per ounce for the same respective period. These GEOs when combined with the gold ounces sold from the Company's gold streams and prepaid gold interests equal total GEOs sold. Average realized gold price per GEO is calculated by dividing the total revenue by the GEOs sold. Average cash cost per GEO is calculated by dividing the total cost of sales, less depletion less non-cash cost of sales of the prepaid gold interests, by the GEOs sold. In the precious metals mining industry, these are common performance measures but do not have any standardized meaning. Cash operating margin is calculated by subtracting the average cash cost per GEO sold from the average realized gold price per GEO sold. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal royalty and streaming sector who present results on a similar basis. The Company has also used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. The 2022 forecast herein assumes a gold price of $1,750 per ounce and a silver price of $21.00 per ounce. The forecast was derived using information that is available in the public domain as at the date hereof, which included guidance and estimates prepared and issued by management of the operators of the mining operations in which Maverix holds an interest. The forecast is sensitive to the performance and operating status of the underlying mines. None of the information has been independently verified by Maverix and may be subject to uncertainty. There can be no assurance that such information is complete or accurate. Maverix's business, operations, financial condition, and financial outlook could be materially adversely affected by the continued impact of the COVID-19 global health pandemic. At this time, Maverix cannot reasonably estimate the duration of any potential business disruptions, impact to underlying operations that Maverix holds an interest in or any related financial impact that is related to or caused by COVID-19.
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, statements with respect to the Company's annual guidance and or organic growth in respect of its portfolio of assets, developments in respect of Maverix's portfolio of royalties and streams, including developments in respect of the Company's Omolon royalty interest and as well developments at certain of the mines, projects or properties that underlie the Company's interests. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Maverix will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Maverix; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on Maverix's business, operations and financial condition, loss of key employees, as well as those risk factors discussed in the section entitled "Risk Factors" in Maverix's annual information form dated March 16, 2022, available at www.sedar.com. Maverix has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Maverix undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
The disclosure herein and relating to properties and operations on the properties in which Maverix holds royalty, stream or other interests is based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Maverix. Specifically, as a royalty or stream holder, Maverix has limited, if any, access to properties included in its asset portfolio. Additionally, Maverix may from time to time receive operating information from the owners and operators of the properties, which it is not permitted to disclose to the public. Maverix is dependent on, (i) the operators of the properties and their qualified persons to provide information to Maverix, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Maverix holds royalty, stream or other interests, and generally has limited or no ability to independently verify such information. Although Maverix does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Maverix's royalty, stream or other interest. Maverix's royalty, stream or other interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources, and production of a property.
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SOURCE Maverix Metals Inc. | https://www.kxii.com/prnewswire/2022/08/12/maverix-announces-second-quarter-2022-results-declares-quarterly-dividend/ | 2022-08-12T12:35:19Z |
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